Words of Wisdom

Quote from FredBloggs:

too many folks think of profit first.

think of losses first.

losses kill you, not profits.

(probably been said b4 - but if you think im gunna read xxx pages first.....read my words again!!!)
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Several reasons why thats a good one mainly;
50 % draw down requires !00% to break even ,more to profit.


Only fools or egotists call market top or bottoms-
Barton Biggs,age 70 Hedgehog.
:cool:
 
For the gazillionenth time:

Trade what you see.

Cut your losses short. That is, do your wash regularly and keep your positions "clean."

When in doubt keep out.
 
Quote from 88888accountant:

There are 3 types of traders in this world:

1. Those who watch things happen,

2. Those who make things happen,

3. And those who say "WHAT THE $&%# JUST HAPPENED?"
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1. Daytraders staring at their computer screens all day long.

2. Insiders and big money who can lobby government and pay for what they want...cough Enron cough cough Haliburton cough.

3. Mom and Pop traders after the .com bubble popped.
 
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