Something a trader should never do

Just checking that wasn't fighting talk

 

Something a trader should never do ---->


short the market!!!


I love 100% up room to go with ZERO risk

 

No 100% down vs infinite % up, get it right!

 

Take a trade because you THINK price is going to go somewhere, trade on facts

(expectation is a whole different ball game)

 

Don't make decisions based on emotions.

 

Don't listen to people who give generic advice as if it should apply to all styles of trading, such as "never trade without stops", "never average up/down", "never trade against the trend". There are many methods out there, all have different characteristics.

Focus on executing the plan. A losing day with perfect execution is a successful day, a profitable day with bad execution is a failure.

 

Ask for advice on a trade

Ask others "how much money can I make"

Ask others if "this strategy will work or not"

Ask others what market to trade

Ask others to teach you a strategy that works

 

Don't count your chickens before they hatch.

Don't count your chips while your at the table.

Same theme

 

That is one of the most absurd sayings some people believe in. If you love a stock and it goes down 50% on no news, you are saying that you should not buy more? Give me a break!

 

Depends on where you bought it.