The most important things about investing, trading, and/or the markets

银河金星

Lessons Learned (ZT)


In the mid year membership survey I asked the following question:

    "So far in 2009, what is the most important thing you've learned about investing, trading, and/or the markets?"

Here's how members responded to this question:

      Success takes longer than expected

      That you must learn to trade and trust yourself and not to become so dependent on the opinions of others, which ultimately keeps you from becoming the best you can be

      Keep it simple

      The very best profit opportunities occur in the midst of extreme emotional sentiment

      Always think opportunistic verses too bullish or bearish

      Persistence and dedication to a daily routine is key

      Developing an edge is the first step for trading successfully. Without that, disciplined trading will only make sure you gradually losing money

      The market is one unforgiving bitch!

      It is challenging to find non-correlated markets

      You have to respect the market even if you think it is under some kind of manipulation

      Keep your eyes open and powder dry

      If you fall in love with a stock keep 100 shares and let the rest go

      I've learned to be patient in waiting for my patterns to appear

      The value of ETFs

      The importance of finding special situations that will be profitable no matter what the market does

      Stay away from light volume when the only thing trading is the black boxes

      The importance of focusing only on one technical setup in order to improve one's skill set

     I now think that buy and hold is a serious mistake

      Think big and think long term

      Don't try to predict the markets

      Don't be afraid in bear markets, just another opportunity

      The odds are stacked against the retail investor

      There's no such thing as a sure thing

      The harder I work at it the more likely I am to succeed

      Conserving one's capital is vital

      I know the rules - I just need to notch-up my discipline

      Smaller entry positions can be helpful

      Opportunities are everywhere

     The market is primarily psychologically driven

      Trade with the trend instead of trying to pick tops and bottoms

      Know where and when to get out before you get in

      As Johny Cash put it "You got to walk that lonesome valley, you got walk it by yourself. Nobody else can walk it for you. You got to walk it by yourself."

      The difficulty of avoiding over-optimization/curve fitting

      Overtrading can be, and often is, a recipe for disaster

      To breathe before executing a trade

     Trading is not a profession for pessimists

      Never feel confident even when winning. Humility is a good thing

      You need to be quick and brutal with the trading decisions

      It is okay to sit out a potential move - risk management over reward chasing

      Don't bet the farm in either direction

      There is no consistent logic to trading the market

      Some trades need to be taken when they appear, not just when you are ready

      There's no rule that quality stocks must go up

      Don't chase any overbought stocks

      When a sector (like financials) look so hopeless as it did in March there is potential to make a lot of money if things turn around even just a little

      Hope is a four-letter word and has no place in a trading strategy

      Patience. It is ok to sit out once in awhile

      Wait until you have an proven strategy supported by data before trading for keeps

      Anything can happen. Trading is all about probabilities

javamood

too long

银河金星

too long
javamood 发表于 2009-7-14 02:37

True. As there are so many lessons to learn for being a successful trader.

A1234

Very good!

小亥

keep in simple

Lionking

always prepare for unexpected.

mary666

thx

happywacom

ding

coexist

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