Something a trader should never do

Discussion in 'Trading' started by OddTrader, Feb 11, 2015.

  1. Buy1Sell2

    Buy1Sell2

    ABSOLUTELY RIDICULOUS
     
    #41     Feb 13, 2015
  2. Say Something a trader should never do!
     
    #42     Feb 13, 2015
  3. deaddog

    deaddog

    When you become a successful trader you will realize the truth in those words
     
    #43     Feb 13, 2015
    i am nobody and TooOldForThis like this.
  4. Buy1Sell2

    Buy1Sell2

    Yes the classic holier than thou condescension---brilliant
     
    #44     Feb 13, 2015
  5. 1. Never take a laxative just before the market opens.

    2. Never take Viagra just before the market opens.

    3. Never take Viagra and a laxative together. You won't
    know if you're coming or going.
     
    Last edited: Feb 14, 2015
    #45     Feb 14, 2015
  6. bgk

    bgk

    Never put all your savings into business.
     
    #46     Feb 14, 2015
  7. kut2k2

    kut2k2

    Never say KISS ("Keep it simple, stupid.")

    The simplest strategy is buy&hold. Good luck getting that to work once the bull goes away.

    The trader who wins is the one whose strategy falls into the sweet spot between overly complicated and overly simplified.
     
    #47     Feb 14, 2015
  8. Never trade until you have found your edge

    The rest are just add on.

    If you have edge, you will always able to come back in profit stage regardless what happen in short term, e.g. You take some loss due to not following rule, fat fingers, black Swan, market manipulated by fed/banks, trade when you drunk or in emotional and etc.

    If you don't have edge, all the best rules or all the things "a trader should not do" will not help.
     
    Last edited: Feb 14, 2015
    #48     Feb 14, 2015
  9. Turveyd

    Turveyd

    Err no D08 is right, you can trade perfectly and random chance will put you negative, even the most moronic trading ideas have positive days eventually.
     
    #49     Feb 14, 2015
  10. londonkid

    londonkid

    Dont keep making the same mistakes and expect a different result.
     
    #50     Feb 14, 2015