Something a trader should never do

[Turveyd]

I'm just answering the thread question ... Unless you want to talk shop?

Just checking that wasn't fighting talk

 

[EqtTrdr]

What are the things that a trader should not do or never do? (Other than: Don't lose All money!)

Proverb, reality, case, you know, you learn, you hear, your experience, truth, untruth, law, theory, ...

Something a trader should never do ---->


short the market!!!


I love 100% up room to go with ZERO risk

 

[Turveyd]

Something a trader should never do ---->

short the market!!!


I love 100% up room to go with ZERO risk

No 100% down vs infinite % up, get it right!

 

[WWarrior]

Take a trade because you THINK price is going to go somewhere, trade on facts

(expectation is a whole different ball game)

 

[bgk]

Don't make decisions based on emotions.

 

[d08]

Don't listen to people who give generic advice as if it should apply to all styles of trading, such as "never trade without stops", "never average up/down", "never trade against the trend". There are many methods out there, all have different characteristics.

Focus on executing the plan. A losing day with perfect execution is a successful day, a profitable day with bad execution is a failure.

 

[MrN]

Ask for advice on a trade

Ask others "how much money can I make"

Ask others if "this strategy will work or not"

Ask others what market to trade

Ask others to teach you a strategy that works

 

[Zr1Trader]

Don't count your chickens before they hatch.

Don't count your chips while your at the table.

Same theme

 

[Ferrari360]

Never add to a losing trade is a common rule...

That is one of the most absurd sayings some people believe in. If you love a stock and it goes down 50% on no news, you are saying that you should not buy more? Give me a break!

 

[dbphoenix]

That is one of the most absurd sayings some people believe in. If you love a stock and it goes down 50% on no news, you are saying that you should not buy more? Give me a break!

Depends on where you bought it.