- Never fall in love with a stock.
- Never take on a position larger than your comfort zone
- Patience never chase a stock,don’t chase momentum .Assume the market will reverse the minute you get in. If it’s a long way to the door, you’re in big trouble.
- No one ever went broke taking a profit. Even on stock market GREED is a sin and YES “pigs get slaughtered”
- Whenever you think you’ve found the key to the lock, they’ll change the lock( algorithms change)
- When you have that ” i know it all” feeling STOP TRADING for a while
- Trade chart not news. News will follow chart
- NO, sky is not the limit and trees dont grow in to the sky if you dont believe me gravity will pull you back.
- Buy the first pullback from a new high. Sell the first bounce from a new low,buy at support, sell at resistance.Sell the second high, buy the second low
- Exhaustion gaps get filled
- Dont try to catch “falling knife” stock , let others do it. Don’t be a hero. Go with the money flow
- If there is a doubt there is no doubt. Forget your know knowledge trust your instincts
- Never trade in first 60 min , Let market take directional move , REMEMBER they see YOU coming
- Stock always remembers price it will come back where it came from
- This is stock market, take other traders money before they take yours.
Posted September 27th, 2015 by P.G
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