The best investing advice you've ever recieved

Discussion in 'Trading' started by felixbocharov, Jul 11, 2016.

  1. Simples

    Simples

    Dont never got no investment advice except obvious scams. Wont hear any either as need to go my own way and want to secure advancements rather than just take anything.

    My personal advice is do what you do best, make it realistic, simplify, rinse and repeat. Exciting first couple of years, then getting more and more boring. Thats when you can go deeper into the rabbithole and be utterly dispassionate about starting over from scratch.

    Prolly bad advice though
     
    #41     Jul 17, 2016
  2. One very good advice I received was when I was about beginning my forex trading career. Then a colleague told me to start forex with my risk capital. That is money I can afford to lose. This way, there was no huge pressure for me to make money quickly so I had the time and the patience to perfect my trading system.
     
    #42     Aug 15, 2016
  3. GotherL

    GotherL

    Don't play drunk
    Don't play stoned
    Don't play on a full stomach
    Don't play scared money
    Don't play greedy money
    Don't play when mad, Sad, or in a Generally Bad Mood
    Don't play if you have no patience or discipline
    Don't play at all if you just suck
     
    Last edited: Aug 20, 2016
    #43     Aug 20, 2016
  4. Tim Smith

    Tim Smith

    Just three words....

    "Sell With Regret"

    i.e. By all means run your winners and cut your losers, but never be afraid of skimming the cream on your winners.
     
    #44     Aug 20, 2016
  5. Never try to buy at the bottom or sell at the top, because as with roast beef, the best is in the middle.
     
    #45     Aug 26, 2016
  6. Handle123

    Handle123

    I received this from my Uncle long ago, "Don't have to re-invent the wheel-tailcoat often, don't buy horses, consistent money is made in small pieces at a time, let other people pay often for your investments like real estate, small businesses become bigger when you are there each day and help others when you can-usually comes back tenfold".

    That was over fifty years ago and I have tried to live up to his words.
     
    #46     Aug 26, 2016
  7. 1shooter

    1shooter

    Well i just got a email saying i am rich, all i had to do is pay to have to money sent on over. I didn't even know the prince of Nigeria knew me. But i am pretty big deal so it makes sense. Damn that mail man for not bring my check sooner. lol
     
    #47     Aug 26, 2016
  8. nitro

    nitro


     
    #48     Aug 26, 2016
  9. J_Smith

    J_Smith

    "Never listen to anyone else - it will only cost you money!"

    J_S
     
    #49     Aug 26, 2016
  10. Only buy good dividend paying stocks , and keep adding.
     
    #50     Aug 26, 2016