Author Archives: Samuelssonsrapport

We are here to awaken from the illusion of our separateness.//Ralph Waldo Emerson

The art of listening needs its highest development in listening to oneself; our most important task is to develop an ear that can really hear what we’re saying.//Sydney J. Harris

The warrior knows if he chooses the weakest path, the only person he truly cheats is himself.//Richard Machowicz

A broker calls me yesterday and tells me about this great stock at 60 centsa share. I say ”terrific buy me 10,000 shares.” He calls me back 10 minutes later and says it’s up to 70 cents a share. I say … Continue reading →

“Mr. Market has a great knack for turning even the most polished of veteran chartists into incorrect fools.”//Chess

”Do the thing you fear to do and keep on doing it… that is the quickest and surest way ever yet discovered to conquer fear.”//Dale Carnegie

”Never risk more than 1% of your total equity in any one trade. By risking 1%, I am indifferent to any individual trade. Keeping your risk small and constant is absolutely critical.”  //Larry Hite.

My weakness has always been being a bit premature on entering positions. I’ve learned to think to myself, “ Patience, patience , patience.” I try to wait until things set up just right before I take a trade. Then, when … Continue reading →

We use technical analysis not because we think it means something, but because other people think it means something. We are always looking for market participants to take us out of a trade, and in that sense, knowing the technical … Continue reading →

A great company could be a terrible investment if its price has already more than discounted the bullish fundamentals. Conversely, a company that has been experiencing problems and is the subject of negative news could be a great investment if … Continue reading →

I am a firm believer in predicting price direction, but not magnitude. I don’t set price targets. I get out when the market action tells me it’s the time to get out, rather than based on any consideration of how … Continue reading →

My advice to new entrants to stock market is to approach it only with the help of professional advisors. Otherwise stay out of the business and stay completely away from the market. For novices to come in and try to … Continue reading →

I put a great deal of effort into getting the best entry price possible. I feel this is probably one of my strongest skills. In day trading, a good entry price is critical because it buys you time to see … Continue reading →

The essential element is that the markets are ultimately based on human psychology, and by charting the markets you’re merely converting human psychology into graphic representations. I believe that the human mind is more powerful than any computer in analyzing … Continue reading →

People underestimate the time it takes to succeed as a trader. Some people come here and think they can sit with me for a week and become great traders. How many people when they went to college would’ve thought to … Continue reading →

To succeed as a trader, it is absolutely necessary to have an edge. You can’t win without an edge, even with the world’s greatest discipline and money management skills. If you don’t have an edge, all that money management and … Continue reading →

”If you’re not prepared to be wrong, you’ll never come up with anything original.” //Ken Robinson

”The important thing is not to stop questioning; curiosity has its own reason for existing.” //Albert Einstein

Most aspiring traders underestimate the time, work, and money required to become successful. To succeed as a trader, one needs complete commitment. Just as in any entrepreneurial venture, you must have a solid business plan, adequate financing, and a willingness … Continue reading →

Most often, traders have four fears. There’s the fear of being wrong, the fear of losing money, the fear of missing out and the fear of leaving money on the table I found that basically, those four fears accounted for probably … Continue reading →

We know that the random element in the market represents at least 40 to 60 percent activity. Therefore, it’s not logical to look at every tick or to think that every tick or every chart formation has meaning. They don’t. … Continue reading →

“What you pay and who you pay has always mattered and people are starting to care again.” //Howard Lindzon

”End of a matter is better than its beginning, and patience is better than pride”. //Ecclesiastes

Yale did a study recently showing that investors made 300% more by putting money in commodities themselves rather than commodity stocks – that is unless you’re a great stock picker. //Jim Rogers

”Men prefer a false promise to a flat refusal.” //Quintus Cicero