Worthy trading cliches

[constable]

As a novice I've found it really useful for some of the trading cliches to be sticky posted to my monitor. Gives a reminder to you when you're over excited or overwhelmed, or thinking of going back for seconds and generally wishing you hadn't after the fact...bet everyone's done that! Anyrate here are a couple of my favourites, one i read here at asf, another out of a book refering to options.

- be a buyer of despair and a seller of hope!
- a loss is a loss NOW!

Both totally relevant but can take years to master!

[Gundini]

Here's mine: "Stay in the game"

[spitrader1]

Here's mine: "Stay in the game"

bottom pickers get smelly fingers
hope is not a strategy

[nevieboy]

As a novice ive found it really useful for some of the trading cliches to be sticky posted to my monitor. Gives a reminder to you when you're over excited or overwhelmed, or thinking of going back for seconds and generally wishing you hadn't after the fact...bet everyone's done that! Anyrate here are a couple of my favourites ,one i read here at asf ,another out of a book refering to options,

- be a buyer of despair and a seller of hope!
- a loss is a loss NOW!

Both totally relevant but can take years to master!

There are no good stocks. Only stocks that make you money.

[Gundini]

Still recon the best cliches is from Jim Cramer!

"Bull make money, Bears make money, and Pigs get slaughtered"

[nevieboy]

Always take your profit too soon

[nizar]

There are no good stocks. Only stocks that make you money.

Thats GOLD nevie. I like.

[nevieboy]

Thats GOLD nevie. I like.

Here is another one for you, young fellow.
When the ship starts to sink, don't pray. JUMP.

[Kauri]

As my old father used to say...
"Don't go down the mine son, there's plenty of coal in the yard."

[constable]

Always take your profit too soon

I like it ....you can never lose taking a profit.
- nobody rings a bell at the top (gdn)

Quote from chris tate...as a simple change in the capital at risk will dramatically alter the risk of ruin!

[shinobi346]

Don't grab a falling knife.

buy low, sell high

if you don't understand it, avoid!

[constable]

"Fools rush in", I'm eating some humble pie as we speak thanks to sen's timely release of a profit downgrade

[swingstar]

Markets can stay 'irrational' longer than you can stay solvent.

[Sodapop]

A quote - pretty pertinent in this market...

"... And right here let me say one thing: After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine - that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance...."

From Lefevre (Livingston) - Reminiscences Of A Stock Operator

[Bobby]

A quote - pretty pertinent in this market...

"... And right here let me say one thing: After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine - that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance...."

From Lefevre (Livingston) - Reminiscences Of A Stock Operator

Soda can you add more to this, don't get what your saying ?

Bob

[CanOz]

Still recon the best cliches is from Jim Cramer!

"Bull make money, Bears make money, and Pigs get slaughtered"

I've heard this before but with "sheep", not pigs.

[carmo]

The two greatest disappointments in life, one is you don't get what you want and the other is, you do!

[Lert]

For every buyer there is a seller...

[mrWoodo]

If life gives you a lemon, make lemonade

[theasxgorilla]

Soda can you add more to this, don't get what your saying ?

Bob

If I may, the quote refers to act of "sitting tight" aka. waiting, being responsible for ultimate success in the markets, as opposed to what many believe is responsible for success, activity.

"I found it one of the hardest things to learn"