Trading aphorisms

Discussion in 'Trading' started by Chuck Krug, Apr 21, 2016.

  1. Polemic's Trading Aphorisms

    - Never short the Dax when you think it's blinding obvious to short the Dax.

    - The best time to enter a position is just after you have been stopped out of it.

    - Correlations work really well until you put the trade on.

    - Buy low, stopped lower.

    - Selling new highs is like buses. You wait ages for one, but as soon as you step aboard another one comes along.

    - Adding to winners gets your stops done faster.

    - When all the talk is about Italian banks, buy.

    - If it begins with a J it will have your arm off.

    - Academics aren’t rich because they missed the trade whilst writing about the last one.

    - The FTSE responds to many things, just not the things you know.

    - There is always an algo ahead of you, get over it.

    - A forgotten order is always a losing order.

    - Dealing from a train on a tunnel ridden route makes Russian Roulette look lame.

    - "China to blow up one day" will remain a meme longer than you can remain short.

    - You will never be the first to trade the news, so fade it and hope.

    - If there is absolutely no chance of your stop being done on the Sunday night open, it will be.

    - It's less embarrassing to say you were up watching porn than the Chinese open.

    - If someone mentions Fibonacci, there's no data out.

    - "Italian banks to blow up Italy one day" will remain a meme longer than you can remain short.

    - Most short term positions end up in long term books.

    - Whatever you tell your mum, you are gambling.

    - If Gundlach is talking your book, take it back to the library.


    H/T to Polemic
     
    smileypete, ETcallhome and Baron like this.