“There is only one side to the stock market;….not the bull side or the bear side, but the right side.”
If a man will begin with certainties, he shall end in doubts; but if he will be content to begin with doubts, he shall end in certainties.
One of the biggest pitfalls in trading is to rely too heavily on the guidance of other people. It is important that you formulate your own personal view of the world and make investment decisions in tune with this view.” ~ Richard Olsen
In life as in markets, chance truly favors those who are prepared to benefit. Failing to plan truly is planning to fail.”
Dr. Brett Steenbarger
Dramatic and emotional trading experiences tend to be negative. Pride is a great banana peel, as are hope, fear, and greed. My biggest slip-ups occurred shortly after I got emotionally involved with positions.”
I don’t buy what I like, I buy what I can sell later at higher price.
Unless you are Buffet and capable to accumulate enough shares to impact management, your shares are just pieces of paper and you should treat them like such.
If you can’t take a small loss, sooner or later you will take the mother of all losses.”