Reminders, for myself, in no particular order. A shortened version, in these market conditions.
If it's a BB ARE THEIR FILINGS CURRENT!! if not, think twice.
Don't chase. THEY ALWAYS DROP BACK, they HAVE to.
Market order?? It just ain't in my vocabulary.
Control greed, learn discipline, set reasonable targets, and stick to them.
ALWAYS reduce risk/reward at the first opportunity.
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.
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.
Timing - all stocks go up eventually, but all stocks also go down, eventually.
DO NOT PLAY WITH MONEY YOU CAN'T AFFORD TO LOSE IN A HURRY. DO NOT PLAY, WITH SOMEONE ELSE'S MONEY, IE MARGIN OR BORROWED $$ |
