Trading 101

[CoolHandLucas]

1. Never believe hype and never trade on emotion. If it sounds to good to be true, you are being lied to.
2. Trade on chart indicators, not your own limited DD. The chart takes into account all DD. Spot trends early and take profits before you overstay your welcome.
3. Pay the closest attention to stocks that are doing poorly and have an itchy sell finger. Set loss limits and obey them. Do not be afraid to take a small loss in hope for a rebound, odds are you will just take a larger loss the longer you wait.
4. Don't try to be noble and fight market trends becuase the stock "should be going up". Get in and out before the trend is over.
5. If appreciation in a stock you are in requires hope or praying, you need to sell now.