Ever Present Temptations to ALWAYS Resist:
Anticipating
Forecasting
Trading a move BEFORE it happens
Trying to pick a top in an uptrending stock and vice versa
Asking or wondering "why?" to explain things
Being influenced by the external news/events. They are totally meaningless to market
Betting the farm
Being myopic or closed minded in your selections or beliefs
Trying to make alot in a least amt of time
Trying too hard, watching too closely
Assuming the "majority" is wrong
Trading on tips or "themes"
Share ONE thing you know for SURE about trading
Started by
calmcookie
, Jul 07 2005 02:50 PM
75 replies to this topic
#52
Posted 08 July 2005 - 04:09 PM
...and
Betting too much on any sinlge trade
Not diversifying enough (over time, stock and sectors)
Edited by Vector, 08 July 2005 - 04:10 PM.
#54
Posted 08 July 2005 - 11:30 PM
Never short a dull tape........
Good luck is with the man who doesn't include it in his plan.
- Graffitti
- Graffitti
#55
Posted 09 July 2005 - 07:18 AM
"If you don't know who you are ; the Market will be an expensive place,
to find out."
#56
Posted 09 July 2005 - 09:56 AM
"if in the market you want to have fun..cut losses..let profits run..."...from a new book soon to be released.."The Combined Wisdom of Yogi Berra Dizzy Dean and the Olsen Twins"
#57
Posted 09 July 2005 - 01:22 PM
"WHENEVER YOU FIND YOU'RE ON THE SIDE OF MAJORITY, IT'S TIME TO PAUSE AND REFLECT" Mark Twain.
The first rule of the holes: when you're in one, stop digging.
"BEFORE I ENTER INTO THE TRADE, I'M A TECHNICIAN. IN THE POSITION, I'M AN ACCOUNTANT" Youmast.
Edited by youmast, 09 July 2005 - 01:31 PM.
#58
Posted 09 July 2005 - 01:34 PM
DO NOT TRADE 2-3 DAYS AFTER BIG PROFIT OR LOSSES.
Well, that's my custom rule.
#59
Posted 09 July 2005 - 03:21 PM
Less is more....By that I mean toss out all those fancy indicators, e-wave, sentiment etc. and use some very basic stuff.....
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay
#60
Posted 10 July 2005 - 08:53 AM
Trading is about survival