The single, most important thing you've learnt as a trader

[satanoperca]

Take with a pitch of salt, opinions or advice from share market forums.

 

[nunthewiser]

Those that brag the loudest are usually full of it

this applies to share market courses ,internet forums and self praising speeches in ALL forms of media


paddle your OWN canoe

 

[wayneL]

Those that brag the loudest are usually full of it

Almost straight out of the Tao Te Ching

Those who talk most, know least.
Those who know least, talk most.


**casts a nervous glance at my number of posts.

 

[nunthewiser]

Almost straight out of the Tao Te Ching

Those who talk most, know least.
Those who know least, talk most.


**casts a nervous glance at my number of posts.

but your "special"

 

[nunthewiser]

oh geez i just looked at my post rate for the short time i,ve been here

its a good thing most of my posts are of zero content otherwise i,d be dangerous

 

[jono1887]

oh geez i just looked at my post rate for the short time i,ve been here

its a good thing most of my posts are of zero content otherwise i,d be dangerous

5.2 posts a day isn't too bad... and you've been here more than a year... thats quite a considerable length.

Aren't most of the posts in the general thread zero content anyway? :

 

[swm79]

A peasant must stand for a long time on hillside with his mouth open before a roast duck flies in.

 

[RamonR]

What I have learnt in my short trading career ( 15 months )

Don't Trade in October.

I knew this last year but the lure of constant profits sucked me in.
Out today so will listen to intuition this year.

I don't have a system to short stock otherwise this would probably not be a rule for me.

 

[highlowlowhigh]

Re: The single, most important thing you've learnt as a trader.

Stop losses (ouch)

i second that :bonk::bonk::bonk:

 

[ceasar73]

the market is always right.......and I am always bloody wrong!!!

ceasar73

 

[Dreadweave]

2 things for me, the most important thing is 'Dont panic'

The second is 'dont kick yourself for missing opportunities' you can spend a lifetime complaining about the one that got away, or the one you got out of too soon.

 

[carlwilk]

What I have learnt in my short trading career ( 15 months )

Don't Trade in October.

I knew this last year but the lure of constant profits sucked me in.
Out today so will listen to intuition this year.

I don't have a system to short stock otherwise this would probably not be a rule for me.

Id have to agree with that! Also found that March can be a bit hairy at times. For the Gann guys out there, is there anything special about these particular months? Some sort of planetary alignment or something else equally as mysterious?

 

[cutz]

Guys,

What's wrong with October, for many it's been one of the better months with the return of the trader's friend, Mr Volatility.

 

[carlwilk]

Guys,

What's wrong with October, for many it's been one of the better months with the return of the trader's friend, Mr Volatility.

Mr Volatility can work in your favour but can also work against you. I like my trading to be a little more.... boring. I enjoy sleeping at night. :

 

[Dreadweave]

What I have learnt in my short trading career ( 15 months )

Don't Trade in October.

I knew this last year but the lure of constant profits sucked me in.
Out today so will listen to intuition this year.

I don't have a system to short stock otherwise this would probably not be a rule for me.

So far November's giving me alot more trouble than October lol

 

[condog]

With out any doubt, my number one biggest lesson - Trade only stocks you dont care if you get stuck with them for 20 years!!!!! (eg: good stocks with lots of upside that pay divs and wont go broke over night)

 

[kam75]

With out any doubt, my number one biggest lesson - Trade only stocks you dont care if you get stuck with them for 20 years!!!!! (eg: good stocks with lots of upside that pay divs and wont go broke over night)

I'm suprised to see my old thread still going.

condog, you're like warren Buffett. It maybe the thing to do if you have a lot of money. And a lot of people on your side finding out for you what 'a good stock' actually is.

I think a good lesson I've learned many years ago is to know in advance how you will get out of a trade (whether at a loss or profit), before you buy the stock.

 

[nunthewiser]

Knowing how much im going to lose on the trade before i count my gains i plan on making

 

[MRC & Co]

Find your niche.

Remember there are a plethora of trading styles and markets to trade.

Try the markets and styles that are most logical to you to find your niche.

 

[Timmy]

Famous thread!

Good comments here:
Why social media is 99% rubbish.
http://tremblinghandtrader.typepad.com/