Echoes of a Stock Operator: Quotes and Commentary Part 8

Chapters XVII-XXII “I admit that I do get irresistible impulses at times to do certain things in the market. It doesn’t matter whether I am long or short of stocks. I must get out. I am uncomfortable until I do. I myself think that what happens is that I see a lot of warning-signals. Perhaps […]

Echoes of a Stock Operator: Quotes and Commentary Part 7

I’ve observed firsthand how Bitcoin, analogous to the “leaders of the wonderful advance” mentioned, often reaches a plateau or even recedes slightly in value while the broader market, fueled by alt tokens, continues to surge.

Echoes of a Stock Operator: Quotes and Commentary Part 6

Chapters XI-XIII “Everybody was bearish and everybody was selling July cotton. You know how people are. I suppose it is the contagion of example that makes a man do something because everybody around him is doing the same thing. Perhaps it is some phase or variety in the herd instinct.” This quote delves into the […]

CPI STICKING AROUND 3% IS BULLISH, NOT BEARISH

Assuming the Fed doesn’t act imprudently in response to this single data point, the immediate risk to markets remains unforeseeable defaults in the private sector or a reemergence of bank failures.

Echoes of a Stock Operator: Quotes and Commentary Part 5

Chapters IV-X “It was an old trading theory of mine that when a stock crosses 100 or 200 or 300 for the first time the price does not stop at the even figure but goes a good deal higher, so that if you buy it as soon as it crosses the line it is almost […]

Echoes of a Stock Operator: Quotes and Commentary Part 4

Chapters VII-VIII “I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock.” … “The average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which […]

Echoes of a Stock Operator: Quotes and Commentary Part 3

Chapters V-VI “There is what I call the behavior of a stock, actions that enable you to judge whether or not it is going to proceed in accordance with the precedents that your observation has noted. If a stock doesn’t act right don’t touch it; because, being unable to tell precisely what is wrong, you […]