The Best Trading Proverbs

[Cabin111]

“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

Choose industry leaders like GM (2008) and GE...Double down!! What can go wrong?? I had to live and learn...

 

[viruscore1]

Choose industry leaders like GM (2008) and GE...Double down!! What can go wrong?? I had to live and learn...

Double down on GE 8 months ago and have your lunch handed to you. GM, F, and the american auto industry is a joke without a punch line.

 

[mlawson71]

“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

That's a great principle to trade by.

 

[murray t turtle]

Choose industry leaders like GM (2008) and GE...Double down!! What can go wrong?? I had to live and learn...

%%
GM had some great trends 100 years ago.BUT like the Travis Tritt song says ;'' NOW the whisky ain't workin' anymore-that's what i'm lookin' for''

 

[vanzandt]

BUT like the Travis Tritt song says ;

Better yet...
♫ "I smell T-R-O____ U-B-L-E"

 

[dealmaker]

"

https://twitter.com/x/status/1096111767808139264

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[murray t turtle]

"

https://twitter.com/x/status/1096111767808139264

"

%% I like Jim Cramer; but he is more like a shotgun/scatter gun, than a precision rifle.

 

[viruscore1]

Heads I win, tails you lose.

 

[murray t turtle]

I would say about 95% of the people you hear on TV shows are giving you their personal opinion. And personal opinions are almost always worthless....facts and markets are far more reliable.William O' Neil,A-Z Quotes

 

[viruscore1]

If trading was easy, everyone would be doing it.