On the subject of trend-trading –
"Gamblers lose fortunes trying to nail tops and bottoms.
A good trader is a realist who wants to grab a chunk from the body of a trend,
leaving top- and bottom-fishing to people on an ego trip."
Dr. Alexander Elder
Come Into My Trading Room, pp. 182-183
"You can have the first 20%, and you can have the last 20%.
I’ll take my 60% out of the middle."
legendary stock market speculator (1870-1965)