Martin Zweig
Businessman
1942-07-02
Quotes by Martin Zweig
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The problem with most people who play the market is that they are not flexible.
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The trend is your friend.
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Big money is made in the stock market by being on the right side of the major moves. The idea is to get in harmony with the market. It's suicidal to fight trends. They have a higher probability of continuing than not.
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Basically, what I do is place a stop, generally 10 to 20 percent below the current price, whenever I buy a stock. The exact level depends on my own analysis of a stock's trading pattern. If a stock violates this stop, I'm out.
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