Buying Strength And Selling Weakness
The point is not so much to buy as cheap as possible or go short at top
prices, but to buy or sell at the right time. When I am bearish and I sell a
stock, each sale must be at a lower level than the previous sale. When I am
buying the reverse is true. I must buy on a rising scale. I don’t buy long
stock on a scale down, I buy on a scale up
—Edwin Lefèvre, from
Reminiscences of a Stock Operator (1994, John Wiley
& Sons, New York).
“For other great trading quotes, books,
and products, go to the TradersGalleria!“