Quotes from the Good & the Great of Trading

[TheBramble]

Trade with the TICK not against it. Don't be a hero. Go with the money flow.

 

[TheBramble]

If you have to look, it isn't there. Forget your college degree and trust your instincts.

 

[TheBramble]

Sell the second high, buy the second low. After sharp pullbacks, the first test of any high or low always runs into resistance. Look for the break on the third or fourth try.

 

[TheBramble]

The trend is your friend in the last hour. As volume cranks up at 3:00pm don't expect anyone to change the channel.

 

[TheBramble]

Avoid the open. They see YOU coming sucker

 

[TheBramble]

1-2-3-Drop-Up. Look for downtrends to reverse after a top, two lower highs and a double bottom.

 

[TheBramble]

Bulls live above the 200 day, bears live below. Sellers eat up rallies below this key moving average line and buyers to come to the rescue above it.

 

[TheBramble]

Price has memory. What did price do the last time it hit a certain level? Chances are it will do it again.

 

[TheBramble]

Big volume kills moves. Climax blow-offs take both buyers and sellers out of the market and lead to sideways action.

 

[TheBramble]

Trends never turn on a dime. Reversals build slowly. The first sharp dip always finds buyers and the first sharp rise always finds sellers.

 

[TheBramble]

Bottoms take longer to form than tops. Greed acts more quickly than fear and causes stocks to drop from their own weight.

 

[TheBramble]

Beat the crowd in and out the door. You have to take their money before they take yours, period.

 

[TheBramble]

Don't trade hunches or intuitions to go into a trade - only to stop yourself going in.

 

[rathcoole_exile]

(only had time just now to read your one-liners Tony, the hounds are baying.)

Gems, pure genius. Which is of course why most people will ignore everything you've written.

Am looking forward to getting back from 'walkies' so I can read your longer posts.

Very many thanks for your excellent contribution.

 

[TheBramble]

Don't second-guess or predict the indicator movements - wait for them to occur. Only they know where they are going.

 

[TheBramble]

(only had time just now to read your one-liners Tony, the hounds are baying.)

Gems, pure genius. Which is of course why most people will ignore everything you've written.

Am looking forward to getting back from 'walkies' so I can read your longer posts.

Very many thanks for your excellent contribution.

You're welcome mate. You're probably one of the few who will actually think about it.

 

[TheBramble]

When in a trade, get out when the signals say so - you don't know best.

 

[TheBramble]

Watch out for 'model creep'. A tendency to 'see' signals for a specific stock in one model/system/method after getting signals for that same stock in other(s). You need to be even more disciplined and critical of criteria in these instances.​

 

[TheBramble]

This really is the staritng point of money and risk management

Consider placing a 1% stop loss on all trades

 

[TheBramble]

A massive price change (>5%) is probably not the best entry trigger.