Britt Monday, 10/01/01 06:44:21 PM Re: Britt post# 2155 Post # of 9933 Trading Wisdom -- Buy low, sell high. -- Don't fight the Fed. -- Don't fight the tape. -- Pigs get fat, hogs get slaughtered. Or: Pigs get FED, hogs get slaughtered. -- Bulls make money. Bears make money. Pigs get slaughtered. -- The trend is your friend. -- Buy the dips, sell the rallies. -- Buy the rumor, sell the fact. -- Buy into bad news and sell into good news. -- Cut losses short, let profits run. -- When in doubt, stay out. -- Get out when you can, not when you have to. -- Minimize losses. -- Never let a winner turn into a loser. -- Never let a small loss turn into a big loss. -- Lose your opinion, not your money. -- Trade what you see, not what you think. -- When in doubt, sell. You will usually get another chance in something else. -- Quickly exit losing trades and move on to the next opportunity. -- You can't go broke taking profits. -- A profitable trade is a good trade. -- Take profits relentlessly. -- Profits aren't as important as preserving your capital. -- Manage the risk -- the profits will take care of themselves. -- It's better to own too few shares than too many. -- There's only one indicator that counts: The Check-Book Indicator. -- Plan your trades. Trade your plan. -- Predetermine the exit strategy for all trades. -- Know the fundamentals. Trade the technicals. -- Volume precedes price. -- Bottoms take longer to form than tops. -- Rallies tend to come from new lows. -- Buy at support, sell at resistance. -- Sell on the stall before the fall. -- Buy 'em when they're sleepin', hold 'em when they're creepin', sell 'em when they're leapin'. -- The best time to buy is when blood is running in the streets. (Nathan M. Rothschild) -- Buy their pain, not their gain. -- Beat the crowd in and out the door. You have to take their money before they take yours, period. -- It's not the big that eat the small; It's the fast that eat the slow. -- Risk varies inversely with knowledge. (Irving Fisher) -- Never confuse genius with a bull market. -- I made my money because I always got out too soon. (Bernard Baruch) -- Don't try to buy at the bottom and sell at the top. It can't be done except by liars. (Bernard Baruch) -- Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. (Sir John Templeton, founder of Templeton Funds) -- Buy at the point of maximum pessimism and sell at the point of maximum optimism. (Sir John Templeton) -- All stocks are crap. (Wayne Rumball; polite version) [Revised October 1, 2001] Risk varies inversely with knowledge.