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Share ONE thing you know for SURE about trading


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#11 TechSkeptic

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Posted 07 July 2005 - 03:52 PM

Never add to a losing position! (Unless scaling in was part of the plan). Which brings up the other important one: Always plan your trade and trade your plan.

#12 OEXCHAOS

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Posted 07 July 2005 - 03:57 PM

Whenever you think you've found the key to the lock, they'll change the lock. ;) Mark
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#13 SemiBizz

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Posted 07 July 2005 - 04:00 PM

Do not overtrade.
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

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#14 Delta

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Posted 07 July 2005 - 04:01 PM

Trade price not perception.

#15 Slothrop

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Posted 07 July 2005 - 04:25 PM

Lose your ideas, not your money.

#16 BlissBull

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Posted 07 July 2005 - 04:42 PM

"markets are never wrong, although opinions often are"

Edited by BlissBull, 07 July 2005 - 04:43 PM.


#17 IYB

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Posted 07 July 2005 - 05:06 PM

The market's "Job One" is to decieve; thus discussion of how the market "looks" or "feels" is counterproductive at best/disasterous at worst. Context is everything.

Edited by IYB, 07 July 2005 - 05:11 PM.

“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds

#18 BlissBull

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Posted 07 July 2005 - 05:25 PM

The market's "Job One" is to decieve; thus discussion of how the market "looks" or "feels" is counterproductive at best/disasterous at worst. Context is everything.

<{POST_SNAPBACK}>


IYB, that reminds me of another good one...

"markets are strongest when they look the weakest, and markets are weakest when they look the strongest"

#19 emkay

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Posted 07 July 2005 - 06:09 PM

hi, it sounds dumb, BUT FOLLOW THE TREND ;) RGDS MANI

#20 HayRake

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Posted 07 July 2005 - 06:17 PM

The Bullish Case Relies Upon Lies, Manipulation, Hype, Spin, Misrepresentation, And Criminal Intent To Defraud. :bear: