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LiveLife

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LiveLife

Re: sicric post# 23171

Thursday, 09/28/2017 12:36:56 PM

Thursday, September 28, 2017 12:36:56 PM

Post# of 50157
Been trading for almost 30 years now. Have done fundamentals, daytrading and now technical swing trading (and teaching coworkers, families, friends, neighbors).

Rules of stock trading I have used are:

- Market knows everything
- Share price reflects everything
- Technicals are more accurate than fundamentals
- BUY low and SELL high if LONG
- BUY high and SELL higher if stock is trending
- BUY high and SELL low if SHORT

We are human and make mistakes. If your timing was off and lost 5-10%, you can always admit your mistake and sell at a small loss.

Why would you hold unto a stock that is falling in value? How long would you hold your hand on a hot stove? That's right, not long.

https://stocktradingmodel.wordpress.com/2017/09/28/479/
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