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Re: Rich post# 128543

Sunday, 07/06/2014 11:21:51 PM

Sunday, July 06, 2014 11:21:51 PM

Post# of 194795
The bank accounts of broke investors lay littered alongside the road. They thought the markets were logical. Let me share some useless things I have learned over the 20+ years of having done this full time for a living.

The market is right, even when it is wrong.

Type HOPE into your stockbox and tell me what the chart says. You are right, HOPE does not trade on the markets.

Averaging down on a losing postion (or up if short) is like making love for chastity.

The amateurs open the market, the pro's close it.

If there was no insider trading, there would be no market.

You are right, bashers don't attack bad stocks. And Pumpers don't need to pump good stocks.

When you learn to differentiate between music and noise, you will have learned how the markets work.

Watch out for the Symphonic Slam.

Volume validates price, price does not validate volume.

I learned those from a very well clever technical analyst. He had two things on his chart, Candles only because they were easy to see, and volume. Nothing else. I will see if I can find where he is at these days and ask him to give me his technical view of this stock.