The best lesson out of the book is based on the experiences attained by Edwin Lefèvre by spending many years in Wall Street and after making and losing millions of dollars. He states and we quote " I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!"
It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I’ve known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine – that is, they made no real money out of it.
Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn.
…a man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money.
The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.
Just remember that if you have enough capital i.e. more than 50,000 then you can not go wrong with the delivery stock tips as time always acts in the favour of the investor.
