Discussion in 'Professional Trading' started by Vincent S. Ashmore, Jan 26, 2016.
Preferrably something that has had a notable impact on your life.
Buy and hold………
Buy when things go on sale. IOW, buy during market crashes.
follow the trend
Trading is a business, not gambling. Manage risk today so you can stay in business for the good times tomorrow.
Understanding of the following:
Risk of ruin
Wasn't financial advice but rather a quote from Sherlock Holmes.
When asked, "Just what is it that you do, Mr. Holmes?" He replied, "I observe and deduce".
1, "Neither a borrower nor a lender be; For loan oft loses both itself and friend, And borrowing dulls the edge" - William Shakespeare
2, "There's no such thing as a free lunch" - Milton Friedman (But heard it first from my Grandpa)
3, "If it looks to good to be true, it most likely is"
4, “The bitterness of poor quality remains long after the sweetness of low price is forgotten” – Benjamin Franklin (a follow up to item #2 & #3)
The best advice ever is "Never take advice". Meaning, trying to figure it out on your own will be worth more than any advice you could ever receive. And once you reach that stage, you'll be set for life. But if you can't figure it out on your own, at least you'll know what you're worth!
Greetings, these are a few of my favorites from various folks, some altered to better "speak" to me.
"When you know, and you know that you know, your confidence changes what some might deem to be high risk, into a simple matter of the probabilities."
"One needs to craft out their own unique financial way of life, work, and living, so as not to be ensnared and enslaved by another man's designs."
"Though no one can go back and make a brand new start, anyone can make a start from right now, and make a brand new ending."
Separate names with a comma.