The Market pays you to be disciplined
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10 Market Tips You Need To Know Before You Trade
1. Consumption drives markets - your neighbor's spending habits are for more important than your thoughts on the economy. 2. Markets and economies are as resilient as people - consider Mankind's progress over the last 50 years. 3. It is rarely a good idea to bet against human progress -- consider Mankind's progress over the last 250 years. 4. Economic releases are stale - April's sales figures don't get released till May. 5. Counter-trend climaxes - aka "market crashes" -- are the lowest risk time to join a trend. Look at a Monthly Chart of the S&P 500 over any historic time frame.
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