1.
You must fully understand, strongly believe in, and be totally committed to your trading philosophy. In order to achieve that mental state, you have to do a great deal of independent research. A trading philosophy is something that cannot just be transferred from one person to another; it's something that you have to acquire yourself through time and effort.
Richard Driehaus
3.
If there's a large move on significant news, either favorable or unfavorable, the stock will usually continue to move in that direction.
Richard Driehaus