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Advice Only. 1 Liners Concise.

  • #1
  • First Post: Apr 28, 2008 11:16pm Apr 28, 2008 11:16pm
Capital preservation. Stay In The Game.


{Comments and opinions located in Rookie Forum.}
  • #2
  • Apr 29, 2008 12:35am Apr 29, 2008 12:35am
Once in a lifetime trade opportunities only come around a few times a month.

Don't complicate this.

Listen to your elders.

You cannot safely make 10 pips every single day.
  • #3
  • Apr 29, 2008 1:14am Apr 29, 2008 1:14am
Save the last bullet for yourself?

Only swing at homeruns.

In order to finish in first, first you have to finish.
Never underestimate the powers of the Force.
  • #4
  • Apr 29, 2008 2:19am Apr 29, 2008 2:19am
If you can't grow a small account, then you can't grow a large account.
  • #5
  • Apr 29, 2008 3:49am Apr 29, 2008 3:49am
Assume nothing.
Trust price. Know yourself.
  • #6
  • Apr 29, 2008 4:12am Apr 29, 2008 4:12am
Our fund hasn't suffered a Sigma 9 event in three months!
  • #7
  • Apr 29, 2008 9:33am Apr 29, 2008 9:33am
If you trade solely using technical analysis , don't have an opinion. Trade the setup.
Bundy's status today: "Waiting..."
  • #8
  • Apr 29, 2008 10:42am Apr 29, 2008 10:42am
The charts don't care what you think (..what you think what the fundamentals are, what you think is or isn't possible, etc..).
Trust price. Know yourself.
  • #9
  • Apr 29, 2008 11:19am Apr 29, 2008 11:19am
- If you can't sleep, trade smaller.

- Earn the right to trade larger.

- You don't have to be "all in" or "all out."

- Scale gradually into and out of positions.
  • #10
  • Apr 29, 2008 8:40pm Apr 29, 2008 8:40pm
-Assume nothing, or when you do, take precise notice of your assumption(s).

-The market reveals it's crazy nature to you only through direct, painful experience.

-Know your limits.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #11
  • Apr 30, 2008 7:51am Apr 30, 2008 7:51am
Never argue with the direction the market has chosen.
  • #12
  • Apr 30, 2008 11:35am Apr 30, 2008 11:35am
He who pick bottom get stinky finger.
  • #13
  • Apr 30, 2008 1:31pm Apr 30, 2008 1:31pm
He who hesitates is lost
Confucius

Everyone thinks of changing the world but no one thinks of changing himself
Leo Tolstoy
  • #14
  • Apr 30, 2008 1:47pm Apr 30, 2008 1:47pm
This applies to a lot of 1KT traders (especially the second part):

Those who have knowledge don't predict. Those who predict, don't have knowledge. - Lao Tzu
  • #15
  • Apr 30, 2008 1:55pm Apr 30, 2008 1:55pm
Quoting philmcgrew
This applies to a lot of 1KT traders (especially the second part):

Those who have knowledge don't predict. Those who predict, don't have knowledge. - Lao Tzu
can you post this in the EURUSD thread phil?
  • #16
  • Apr 30, 2008 6:16pm Apr 30, 2008 6:16pm
Quoting philmcgrew
He who pick bottom get stinky finger.
i remember when i first heard you say this (in context of course) and its been my favorite line ever since

my contribution is "you are only as smart as your dumbest mistake". stole that one from ralph vince
Relax and be happy.
  • #17
  • Apr 30, 2008 6:31pm Apr 30, 2008 6:31pm
Life is a zero sum game. Why should trading be any different?

To quote someone else, No one gets out alive.

and

The markets can remain irrational longer than you can remain solvent.
  • #18
  • Edited 9:23pm Apr 30, 2008 8:08pm | Edited 9:23pm
Quoting merlin
i remember when i first heard you say this (in context of course) and its been my favorite line ever since

my contribution is "you are only as smart as your dumbest mistake". stole that one from ralph vince
Oh that is so so true. Vince must be the man. And phil: He who pinches top get arrested.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #19
  • Apr 30, 2008 8:17pm Apr 30, 2008 8:17pm
Support and Resistance levels either hold or they dont.
  • #20
  • Apr 30, 2008 9:55pm Apr 30, 2008 9:55pm
From someone who is not 1KT 'yet'. received via PM.
Quoting f4mnect
The elevator to success is out of order. You'll have to use the stairs... one step at a time.
Love it.
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