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Trading Pearls of Wisdom

These classic trading widoms have stood the test of time. The list was compiled and used as a collection of rules from classic trading literature throughout the twentieth century. Add these pearls to your trading and investing toolbox.


  • You are what you think

  • Dream big, think tall, set exciting goals

  • Have a trading plan, know it well, follow it

  • Plan your trade, trade your plan

  • The most difficult task in speculation is not prediction but self-control

  • For losing trades, when the ship starts to sink, don't pray - jump!

  • Expect and accept losses, the next opportunity awaits

  • Have you taken a loss? Forget it quickly. Have you taken a profit? Forget it even quicker

  • You are the most important factor in the equation for success

  • Be a disciplined trader, always follow your system rules

  • Continually strive for patience, perseverance, determination, and rational action

  • Use every loss to improve your knowledge of market action

  • Keep detailed records of all trading results

  • Have self-belief, a positive attitude and trust your judgement

  • Continuously set higher trading goals

  • Buy on bad news, sell on good news

  • Buy high, sell higher

  • Schedule time to study the market

  • Make your own trading decisions, don't follow the herd

  • Never enter a trade without a stop loss

  • Never move a stop loss once placed, unless in the direction of profit

  • Never get into a trade because you are anxious from waiting




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