I believe that having discipline to follow your rules is essential. Without specific clear and tested rules, speculators do not have any chance at success. Why? Because speculators without a plan are like a general without a strategy, and therefore without an actionable battle plan. Speculators without a single clear plan can only act and react, act and react, to the slings and arrows of stock market misfortune, until they are finally defeated. - Jesse Livermore
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