"A professional trader isolates himself from the herd and has trained himself to become a predator rather than a victim. He understands and recognizes principles that drive the markets and refuses to be mislead by good or bad news, tips, advice, brokers advice and well meaning friends. When the market is being shaken-out on bad news he is in there buying. When the Herd is buying and the news is good he is looking to sell. You are entering a business that has attracted some of the sharpest minds around. All you have to do is to join them. Trading with the strong holders requires a means to determine the balance of supply and demand for an instrument in terms of professional interest, or lack of interest, in it. If you can buy when the professionals are buying [accumulating or re-accumulating] and sell when the professionals are selling [distributing or re-distributing] and you don't try to buck the system you are following, you can be as successful as anybody else in the market." - Tom Williams
"A professional trader isolates himself from the herd and has trained himself to become a predator rather than a victim." - Tom Williams
