MURPHY’S LAWS FOR TRADERS

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…)

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