Maybe it’s a phrase you initially didn’t know about or maybe it’s something you actually use a lot.
Some examples:
- A falling knife has no handle
- Buy the rumor, sell the news
- The trend is your friend
What are some of yours?
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- First you Learn, then you remove the L
Something I use a lot. Not only for trading for almost everything in life.
- At first learn how not to make profit, How not to Lose money.
Something I encounter a lot from lot of traders who were in the “game” a long time.
Both phrases are life savers.
Additionally another phrase I love and need to use more and more in all areas of life.
- Trust but Verify
(I first heard this from a TV show, ever since then I am trying to use this more and more in my life)
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Nobody ever lost money taking profit… or something to that effect. Basically allowing yourself to take profit instead of just holding.
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Pull the trigger or jump on the gun