Stock Trading Maxims

1. Cut loss short and let profit run. If you are wrong, wrong small. Never average down. If you are right, right big. Always average up.
2. Never add to a losing position. Averaging down is a risky game.
3. A optimist sees opportunities in times of uncertainty. A pessimist sees risks in times of certainty. - Sir Winston Churchill
4. What's right isn't always popular and what's popular isn't always right.
5. A profit, though small, is still a profit.
6. Market strong, buy more - market weak, sell more.
7. Listens to the market and not to one's heart or brain.
8. Just follow what the market is telling you amidst all the noises.
9. To enter the market without knowing where its going, you lose even before you enter the market.
10. The Market will always be there, make sure you are still around.
11. Markets can be very illogical, abide by your stop loss.
Risk-takers - enter a trade with a target price but not a stop loss price.
Trend's your friend - until it bends.
Look after the downside, the upside will look after itself.
Know what you buy, do not follow the herds.
Capital Preservation is KEY. If you lose all your chips, you can't bet.
Plan your trades and trade your plan.
Be greedy when others are fearful and be fearful when others are greedy.
Hold your strongest stocks the longest and sell stocks that stop moving up.
It is never be good to own too many stocks.
Do not fight against trend. Avoids an army when its spirit is keen.
Cheap can become cheaper, so don't pick bottom.
Investing requires conviction and patience and timing is crucial.
Trade more doesn't mean you make more money.
In bull, buy on correction. In bear, sell on rally.
Success can be one of life's worst enemies.
Big success is the result of little successes achieved.
Reasons are found to justify price gains or price losses. Not price gains or losses due to reasons.
Don't become an Involuntary Investor - Jesse Livermore
A fool and his money are soon parted.
Not the strongest, nor the most intelligent but those most able to change will survive - Charles Darwin
Fear doesn't kill you, but you may suffer missed opportunity. It's greed and HOPE that really kills.
People who lost huge money have false hope.
Master your own fears and greed, you shall rule them all.
Golden rule - Set your BUY & SELL targets.
It's is not when you buy that matters....IT IS WHEN YOU SELL THAT COUNTS.
Never try to buy at the lowest and sell at the highest - Buy on the way up and sell on the way down.
One rebound does not make a recovery.
Stock market is a place where BIG eat SMALL and FAST eat SLOW.
Those who can trade, don't teach. Those who teach, can't trade.
Those who give advice most freely are precisely the individuals who are least qualified to do so.
When you realise you've made a mistake, take immediate steps to correct it.