Reminders for myself the short version and I've actually been remembering some of them lately.
Market order?? It just ain't in my vocabulary. Unless you enjoyed getting hosed.
Control greed, learn discipline, set reasonable targets, and stick to them.
Ya right, if it breaks xxx it's gone, sure Jim, sure...
RRR Reduce risk/reward at the first opportunity, protect your original investment.
A profitable trade, is a good trade.
Get out, when you CAN, not when you HAVE to.
When you have what you want, take it and run, and don't look back. Don't wait, for the market to take it back.
NEVER let a winner, turn into a loser. But we all do, why? Think about it, one answer, always....GREED!
NOBODY wins all the time. Learn to take your losses, EARLY, don't let them grow, until it's too late.
A big gap up, in the morning, is a gift, ACCEPT ALL GIFTS. Sell into strength. Then buy it back on later, on a shake or walkdown.
MM's biggest trick - making stocks look their best, before they make them move.... in the opposite direction.
Over time, there is only one thing that always works, and that is, dance with what the market likes and make sure you are dancing close to the door.
Volume precedes price.
As long as there is volume, and volatility, $$ can be made, bear or bull.
Timing - all stocks go up eventually, but all stocks also go down, eventually.
YOU CAN'T FALL FAR, FROM A BASEMENT WINDOW, LOOK FOR BOTTOMS and be patient.
Good luck, happy trading, and get a Level II. |
