- Buying a weak stock is like betting on a slow horse. It is retarded.
- Stocks are only cheap if they are going higher after you buy them.
- Never trust a person more than the market. People lie, the market does not.
- Controlling losers is a must; let your winners run out of control.
- Simplicity in trading demonstrates wisdom. Complexity is the sign of inexperience.
- Have loyalty to your family, your dog, your team. Have no loyalty to your stocks.
- Emotional traders want to give the disciplined their money.
- Trends have counter trends to shake the weak hands out of the market.
- The market is usually efficient and can not be beat. Exploit inefficiencies.
- To beat the market, you must have an edge. (more…)
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