If you dont know what you are doing, doing nothing is better….
Trade what you see, Not what you think….
If you’re going to panic——-> panic early….
If you look around the table and don’t see a sucker, then you are the sucker….
If you find yourself in the bottom of a deep hole, the first thing to do is STOP DIGGING!!!
At all levels of play the secret of success lies not so much in playing well as in not playing badly….
The key is consistency and discipline. Almost anybody can make up a list of rules that are 80% as good as what we taught…. What they can’t do is give (people) the confidence to stick to those rules even when things are going bad….
The opportunity of a lifetime must be seized during the lifetime of the opportunity….
My first rule is "Never lose money" &
My second rule " Never forget Rule No. 1 "
….. Losing an opportunity is minor in comparison, because there are always new opportunities around the corner.
We must remove the emotional element as quickly as possible in trading…. If you can do it before you put on a position, you have a good start….. as in other words " Do Not Emotional with the Fundamentals of Trading "
Probably its time now to caution you guys…. Rules above are ment to be implemented… So make sure you make the best out of it… Markets approching the severe resistance zone….
Aggressive Longs try to loosen up a bit and stay lite.. again this DOES NOT mean go short….
