The trend is your friend.
Profits always take care of themselves but losses never do.
All through time, people have basically acted the same way in the market as a result of greed, fear, ignorance, and hope. This is why the numerical formations and patterns recur on a constant basis.
The stock market is never wrong. Traders are wrong.
Always sell what shows you a loss and keep what shows you a profit.
Successful trading is always an emotional battle for the speculator, not an intelligent battle.
Throughout all my years of investing I’ve found that the big money was never made in the buying or the selling. The big money was made in the waiting.
Remember that stocks are never too high for you to begin buying or too low to begin selling.
If you can’t sleep at night because of your stock market position, then you have gone too far. If this is the case, then sell your position down to the sleeping level.
You know, a professional gambler is not looking for long shots, but for sure money.
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