《股票作手回忆录》PREFACEbyWilliamO'Neil(5)

"The point is not so much to buy as cheap as possible or go short at top price,but to buy or sell at the right time.”

"I never argue with the tape.”

"It took me five years to learn to play the game intelligently enough to make big money when I was right.”

“There is nothing like losing for teaching you what not to do.And when you know what not to do, you begin to learn what to do in order to win."

‘There are only two emotions in the market, hope and fear-the only problem is you hope when you should fear and fear when you should hope.”

"Know yourself and provide against your own weaknesses.”“Sell after a reaction and this is no rally.”

Livermore quoted old Baron Rothchild,saying his secret to making money was“In ever buy at the bottom and I always sell too soon.”
So you see，Reminiscences of a Stock Operator is packed with wisdom based on years of daily experience with the realities of how the market actually works and how human nature constantly gets in the way of following sound and proven rules，systems,and methods.