The first rule of trading - there are probably many first rules - is don't get caught in a situation in which you can lose a great deal of money for reasons you don't understand.

Fundamentalists who say they are not going to pay any attention to the charts are like a doctor who says he's not going to take a patient's temperature.

If you don't work very hard, it is extremely unlikely that you will be a good trader.

Place your stops at a point that, if reached, will reasonably indicate that the trade is wrong, not at a point determined primarily by the maximum dollar amount you are willing to lose

If you personalize losses, you can't trade.

Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they should be taking 1 to 2 percent risks.

In a bear market, you have to use sharp countertrend rallies to sell.

I caught hold of the great bull market in soybeans in 1977. I had no idea what I was doing, incidentally.

In 1983, I set up Caxton Corp. Its been an interesting and happy ride since.

I wonder how many people don't get the one they want, but end up with the one they're supposed to be with.

Life did not stop, and one had to live.

Books are a finer world within the world. (1863)

The child who gets lost in a book can emerge from the experience a changeling.

Nicely done, brother," said Gabriel from the bed, blinking sleepy green eyes at Gideon. Gideon threw a scone at him.

What determines success in industrial policy is not the ability to pick winners but the capacity to let the losers go.

So much inspires me. People living their lives with courage, beauty of all kinds, nature in all its aspects, people I love and people I hardly know, and, of course, other poets.

There's no in between-you're either good or bad. We were in between.

Infants manners are moulded more by the example of Parents, then by stars at their nativities.

If you don't know about it, you can't get it.