**The market and stocks go up AND down, Not up OR down.
**Stocks are nothing but letters and numbers; they don’t know who you are and at what price you own them.
**There is a big difference between a company and its stock!!! Many companies continued to be great companies for months, quarters, years after their stock peaked. And also vice versa, there are a ton of “bad” companies that have great acting stocks. Would you rather own a good company or a good stock?
**You don’t know if something is a good buying opportunity until you sell it. AOL, CSCO, SUNW, MSFT, DELL, YHOO, TANDY, NIFTY 50, were all considered excellent buying opportunities by many.
**If you believe in BEAR RAIDS, then you have to believe in BULL RAIDS.
**It’s never DIFFERENT.
**A good company or a good stock is one that you buy, and it goes higher in which you profit.
**For some, being a long-term investor, just means: I own the stock, its down, and I don’t want to take the loss.
**When the stock you own is down, you already have a loss, you just haven’t realized it.
**Stocks go up when you have more buyers than sellers. Stocks go down when you have more sellers than buyers.
**Tops start from 52-week highs when things look great.
**There’re a million ways to make money in the market; no right or wrong way if your P&L is positive.
**Never be so quick to say that you will buy a pullback before you get the pullback. The little friendly high school sweetheart might not be the same girl when she gets back after two years working at Rick’s Cabaret.
**Price targets are foolish, to say I won’t sell a stock until it reaches a certain level is STUPID. “I will wait until I break even to sell it-(AOL HOLDER)”, “when it gets back to 50 I’ll sell it”-(CSCO HOLDER). Things change, the market environment changes.
**Overbought and oversold are two different animals. Fading oversold levels works a lot better than fading overbought levels.
**When a stock is going down, don’t blame the shorts, blame the sellers, the shorts have 1/10th of the buying power (selling power) that long funds have.
**Every significant pullback starts as a -“it’s consolidating great”, “buyers are in control”, “it’s just resting”, “it’s an orderly pullback”.
**What the so call Gurus do is more important than what they say or write on some blog.
**Don’t try to make up for all your losses with one trade, you will fail.
**YOU CAN ALWAYS BUY STOCKS BACK.
**Do not let your current positions cloud your judgement, if it is, then go flat (sell it) then analyze it…you will see things differently.
**This game is not about being right or wrong; it’s about making money. Many rather lose money than admit that they are wrong.