Trading Every Day


There is the plain fool, who does the wrong thing at all times everywhere,
but there is the Wall Street fool, who thinks he must trade all the time. No
man can have adequate reasons for buying or selling stocks daily–or
sufficient knowledge to make his play an intelligent play.

Edwin Lefèvre, from

Reminiscences of a Stock Operator
(1994, John Wiley
& Sons, New York).

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