Keep in mind-
• Buying a weak stock is like betting on a slow horse. It is retarded.
• Stocks are only cheap if they are going higher after you buy them.
• Never trust a person more than the market. People lie, the market does not.
• Controlling losers is a must; let your winners run out of control.
• Simplicity in trading demonstrates wisdom. Complexity is the sign of inexperience.
• Have loyalty to your family, your dog, your team. Have no loyalty to your stocks.
• Emotional traders want to give the disciplined their money.
• Trends have counter trends to shake the weak hands out of the market.
• The market is usually efficient and can not be beat. Exploit inefficiencies.
• To beat the market, you must have an edge.
• Being wrong is a necessary part of trading profitably. Admit when you are wrong.
• If you do what everyone is doing you will be average, so goes the definition.
• Information is only valuable if no one knows about it.
• Lower your risk till you sleep like a baby.
• There is always a reason why stocks go up or down, we usually only learn the reason when it is too late.
• Trades that make a lot of intellectual sense are likely to be losers.
• You do not have to be right more than you are wrong to make money in the market.
• Don't worry about the trades that you miss, there will always be another.
• Fear is more powerful than greed and so down trends are sharper than up trends.
• Analyze the people, not the stock.
• Trading is a dictators’ game; you can not trade by committee.
• The best traders are the ones who do not care about the money.
• Do not think you are smarter than the market, you are not.
• For most traders, profits are short term loans from the market.
• The stock market can not be predicted, we can only play the probabilities.
• The farther price is from a linear trend, the more likely it is to correct.
• Learn from your losses, you paid for them.
• The market is cruel, it gives the test first and the lesson afterward.
• Trading is simple but it is not easy.
• The easiest time to make money is when there is a trend.
