Sunday, August 29, 2010

Trading lessons from Politicians

* Listen to all, do your own!

* Nobody (no stock) is your permanent friend or foe.

* If you want to survive, go with the herd (trend) - even if they are wrong!

* Leave the herd at the peak of frenzy!

* Learn from others' mistakes. Yours may be too costly.

* Never forget the old lies of opposition (including stock market experts)

* Be totally flexible (don't hesitate to reverse the position when things backlash). Never make anything prestige issue!

* Never forget the brokerage.

* Immediately drop the losing proposition. Stop loss!

* Let others test the waters first!

* Take calculated risks! Keep risk-reward ratio always in mind

* Watch the company you keep (including that of the stocks)

* Live simple (Keep the money for the trade)

* Don't miss any opportunity. Be present at the right place at the right time!

* Keep exit routes open

* Oversmartness and HyperActivity thrills but kills

* Be greedy when others panic, Be cautious when others are greedy!

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One thanks giving return lesson for Politicians from Traders

* The Principal (Principle) must be preserved at all cost!

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