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No, you're wrong. His advice was simple. Maybe you didn't understand it. Don't look for skyrockets when an oscillating trend that has established itself over time is more predictable. I don't know what other bs he got into, but that advice is correct if it fits your style.

No, I meant Wade Cook. He took any of the various opportunities out there to go broke, but taking a profit is never a bad thing. Getting out of a trade is sometimes harder to than getting in. Sitting around like a schmuck looking for the trend to continue is bs. If you see the price...

The old saying that nobody ever went broke taking a profit. I'm going to tell you one thing that's really two things. Most important is to reduce your commission fees to as low as you can. Now you can do it. In my day you really couldn't do much about it so you needed to make killer trades...