1. It is morally wrong to allow a sucker to keep his money
2. Everyone has a trading strategy that won’t work
3. For every expert who says prices are going up, there is one who says they are going down
4. If you can drink it, don’t trade it
5. The market is not logical; it is psychological
6. The successful speculator is one who dies before his time comes
7. If you drop a dead cat far enough, it will bounce
8. The market goes your way the day after your stop was hit
ITS COROLLARY
9. The big move begins the day after your option expires
10. He who sells uncovered options goes broke
11. If you feel like doubling up a profitable position, slam your dialing finger in the drawer until the feeling goes away
12. The perfect strategy works every time until you start using it
13. If your strategy seems to be working well, you haven’t been using it long enough
14. The guy who owns the horse when it dies is the loser
15. When it comes to luck or skill, you can’t beat luck (more…)