Trading maxims.

Hi,

Lets start a thread with trading maxims so we can comment them

here is some:

1- You can't go broke taking a profit.
2- Buy the rumor, sell the fact.

Do you have some ?

1- You can't go broke taking a profit.

No you can't but neither will you get rich taking a 30 PIP profit on a 200 PIP move.

That is about the worst thing ever. You certainly can go broke taking profit.

Well, someone has to post it....

"Cut your losses short, and let your winners run."

Traders hear it so much that we can become deaf to it at times, but in the end its still one of the golden truths of trading.

My other favorite cliche is, "The trend is your friend."

Cliches are often cliches for very good reasons. ;-)

Buy low Sell high

Never draw on an inside straight.

"Buy and Hold" : Viva Buffet

- "No trees grows to heaven"

Wrong post sorry

Pullback trader says: "buy weakness, sell strength"
Breakout trader says: "buy strength, sell weakness"

David