What are your favourite investing rules?!

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.

 

Free. Your. Mind."



correction: i just realized this thread said Investing...i assumed it was Trading -- kind of slightly different games.

 

First rule: Follow your rules.

 

.... At times, money is made by sitting on one's hands

 

Don't lose money.
Never exceed Max(%Loss)
Widen stop's as good as scaling up.
Let your profit run, cut short your loss.
Never let profits turn into losses.
Sell High, resistance if bearish.
Buy Low, support, if bullish.
Buy what's being bought.
Sell what's being sold.
Lose Exploratory bet.
Scale up if profitable.

More generally
Max(Absolute Asymmetry + Convexity).
And Min(P(Risk)). Optimize %Risk knowing P(Risk).

 

Don't expect anything from the market.
I mean .. Don't scream "Go UP Mother F*cker"
Don't try to make the market. Know what to lose.
And take what the market offers. Don't ask for more.

 

Networking will get you far.

 

Listen to your gut feeling....

 

Avoid ET (It can be distracting and counter-productive)

 

I agree...people/aspiring traders...shouldn't spend too much time on forums. -- it can definitely be counter-productive.

You only need to know so much...the rest you learn on the field, actually doing.

...this is where you actually sharpen your teeth`.