What is the single, most effective piece of financial advice you've ever received?

Discussion in 'Professional Trading' started by Vincent S. Ashmore, Jan 26, 2016.

  1. bozhkov

    bozhkov

    Trust your strategy and exclude human factor
     
    #101     Jan 23, 2018
  2. So random entries plus risk management yield positive expectancy and thus profit? That's hard for me to believe. Making money in the markets is predicated on being right about something. Risk management helps mitigate the times when we are not right.

    being right + risk management = profitability
     
    #102     Jan 23, 2018
    themickey likes this.
  3. Buy1Sell2

    Buy1Sell2

    Prudent Risk Management is all that is available to the retail trader. It IS the edge.
     
    #103     Jan 24, 2018
  4. ironchef

    ironchef

    Survivor bias.
     
    #104     Jan 29, 2018
    matthewyoung likes this.
  5. If it flies
    Floats
    Or
    F$cks

    It's cheaper to rent it

    :cool:
     
    #105     Jan 29, 2018
    Overnight and themickey like this.
  6. "Trust" by itself is a human factor, isn't it? :D
     
    #106     Jan 29, 2018
  7. Overnight

    Overnight


    OMFG LOL! Logically, that is correct! Can't fault it! hahahahaha

    Mr. Spock, Mr. Tuvok and Mr. Data would be proud!
     
    #107     Jan 29, 2018
  8. bozhkov

    bozhkov

    the only human factor applicable
     
    #108     Feb 5, 2018
    OddTrader likes this.
  9. lylec305

    lylec305

    stay away from flashy financial professionals
     
  10. maxinger

    maxinger

    DON'T listen to financial experts & financial news .