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. themickey


    So when a price rises or falls there are 50% buyers vs sellers?
    Check market depth, it is not 50/50 at the same prices.
    #51     Sep 10, 2017
    murray t turtle likes this.
  2. ironchef


    For every transaction, there are an equal number of shares changed hand from buyer to seller? No?o_O
    #52     Sep 10, 2017
    murray t turtle likes this.
  3. newwurldmn


    That completely discounts the fact that he is the second highest hedgefund earner (in dollar terms) in history (only behind bridge water which had like 10x the assets).
    Last edited: Sep 10, 2017
    #53     Sep 10, 2017
    Visaria and johnnyrock like this.
  4. themickey


    Tru dat.
    At market tops weak hands buy, strong hands sell.
    #54     Sep 10, 2017
    murray t turtle likes this.
  5. vanzandt


    Don't drink and trade.
    #55     Sep 10, 2017
    johnnyrock likes this.
  6. johnnyrock


    Trade from the first floor! You never know when you might feel the need to jump out that window.
    #56     Sep 10, 2017
  7. Bias!
    #57     Sep 11, 2017
  8. 1. Never take a laxative just before the market opens.

    2. Never take Viagra just before the market opens.

    Never take Viagra and a laxative together. You won't
    know if you're coming or going.
    #58     Sep 11, 2017
    Overnight likes this.
  9. Multiple streams of income.
    Wasn't even a thought back in the late 90's and 00's when trading was a monthly printing press.
    But now thanks to HFT and the complete evaporation of liquidity and volatility, traders who diversified into alternative income opportunities are still doing fine while so many others are burning through their cash just to pay bills.
    #59     Sep 11, 2017
  10. %%
    Good- great one. I ran this one that follows past Don Bright Trading Co,[ Sponsor @ that time] even though i seldom day trade. In all labor there is profit-[King Solomon] .Don Bright liked that one :cool::cool::caution::caution:
    #60     Sep 11, 2017