Wednesday, October 11, 2006

Collection of Sage Advice

If I can only follow all of the advice laid out here........

- You can trust what you can see, but only for as long as you can see it.

- Do NOT expect, guess nor predict what the chart will do, but WAIT for the chart to show you what it IS doing!

- Better to be stopped out in the green than to hope for green.

- Trade the trade and not the profit, and your equity will take care of itself. (Russ Mascieri)

- If most traders would learn to sit on their hands 50 per cent of the time, they would make a lot more money. (Bill Lipschutz)

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