The Best Trading Proverbs

[vanzandt]

"I don't make mistakes. I make blunders".
-Prince Alwaleed bin Talal

 

[dealmaker]

"I don't make mistakes. I make blunders".
-Prince Alwaleed bin Talal

and he is arrested by his relatives for corruption!

 

[syswizard]

It seems much of the best advice is found in proverbs such as trade with the trend.

Actually this is fallacious.....as systematic trader Keith Fitschen has proven that COUNTER-TREND trading is best for day trading.

 

[murray t turtle]

Get focused fast.-Ed Rensi

 

[vanzandt]

"The market is not the place for the average person to be playing around with derivatives".
-Carl Icahn 2/6/18

 

[Visaria]

Actually this is fallacious.....as systematic trader Keith Fitschen has proven that COUNTER-TREND trading is best for day trading.

How does he prove it?

 

[speedo]

"What me worry?'
Alfred E. Newman

 

[syswizard]

"The market is not the place for the average person to be playing around with derivatives".
-Carl Icahn 2/6/18

Baloney.
This guy would not be bankrupt if he had bought VIX puts (or did call credit spreads) instead of going long in XIV.
https://www.marketwatch.com/story/x...rs-of-work-and-other-peoples-money-2018-02-06

 

[vanzandt]

"The markets move in both directions... and they work very well".
-Steve Mnuchin 2/6/18

 

[syswizard]

"The markets move in both directions... and they work very well".
-Steve Mnuchin 2/6/18

Yeah, but NO ONE was saying that 6 weeks ago....
hindsight is always 20-20.