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The recognition of our own mistakes should not benefit us any more than the study of our successes.
no profit should be counted safe until it is deposited in your bank to your credit.
Observation, experience, memory and mathematics these are what the successful trader must depend on.
An investor looks for safety, for permanence of the interest return on the capital he invests. The speculator looks for a quick profit.
In a bull market and particularly in booms the public at first makes money which it later loses simply by overstaying the bull market.
