What are your favourite investing rules?!

felixbocharov · Apr 8, 2016

Every good investor has his own set of rules and principles. Share your favourites here!

ETcallhome · Apr 8, 2016

Never take a profit.

K-Pia · Apr 8, 2016

ETcallhome said:
Never take a profit.

Always take a profit at loss
=P Kiddin'

carrer · Apr 8, 2016

Unlearn everything that you have learnt.

kut2k2 · Apr 8, 2016

Already done :

http://www.elitetrader.com/et/index.php?threads/the-best-trading-proverbs.284308/

Or are you making a bright distinction between investing and trading?

K-Pia · Apr 8, 2016

carrer said:
Unlearn everything that you have learnt.

What if you unlearn how to unlearn ?
You may have to backup this one.
Well ... You can still learn it.
Don't unlearn to learn.

Swan Noir · Apr 8, 2016

Never trade unless you are well rested and feeling pretty well overall. Most jobs pay you for showing up while trading usually penalizes you for showing up when you are not tip top.

wabu27 · Apr 8, 2016

The moment you hope, get out and think afterwards.

lindq · Apr 8, 2016

Cash is a position.

Handle123 · Apr 8, 2016

Do onto others before they do onto me.
Day trading= Always take profits.
Long Term= At the end --reverse.