The Best Trading Proverbs

There are many Proverbs made about the forex trading in the past. These proverbs are based on the real experiences which we have to take serious. Forex trading is not a game of kids but it is a job for people who have strong mentality. Thank you so much!
 
Carlll said:
There are a lot of proverbs used in the trading world. "Trend is your friend" is the best proverb with huge depth in it. You have to stay with the trend in 99% of your trades as it is really hard to depict the trend reversal. Am I right guys? I need your interesting replies!
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Great general profit statement; trend is your friend, [because it tends not to end.] Bear trend of 2008 lasted about 52 weeks . 200 day/period moving average is a good measure.

But some counterTrends can be real helpful. Market makers/ specialists make money with counter trends all the time. [I'm not a market maker,LOL]One well known big brokerage owner saw all the hype, almost like a trend in bitcon + warned '' it has no fundamental value'' LOL+true.:cool::cool:
 
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I see no economic data for support of a bear market[JAN 4 quote]-Larry Williams:cool::cool:{He said nothing a about a bear market in CA electric utility/electric cars,LOL}Most likely right for JAN.
 
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“It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.”
Don’t double down and dollar-cost average a losing trade. Move on. It clears up mental capital and keeps powder dry for the next opportunity.
- Jesse Livermore
 
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