Spread Adjustments 3/4 – 3/11
03/11/2011 3:02 pm Leave a comment
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Trading Lessons Learned (Via Kirkreport)
There are a lot of people who are perceived as knowledgeable about the stock market, but actually don’t really understand what they are talking about.
No edge means no trade
You have to be on top of your game all the time to trade well.
Sitting on your hands can often be the best trade
Only losers add to losers
Early success is no guarantee of future success.
Get on board and stay on board until the trade fails
When you are up the most is when you are most likely to break your rules
Without taking risk, there is no reward
Trade what you see not what you think
Tips are for waiters; make your own decisions based on facts not on others opinions.
Cutting losses is the holy grail
The more time spent at the keyboard, the luckier I get
To be honest, I’ve learned just how much I don’t know.
There is no “silver bullet” with success in the stock market – just a lot of hard work and determination.
It is much harder to trade than I imagined it to be.
http://www.kirkreport.com/2011/01/19/lessons-from-2010/
Zevon's Log 