Topic: Bitcoin Day trader rules !!! (Read 1818 times)

Ima likin' that one also!

My $.02.

To HODL is not to SODL. [William Shakespear]

Actually I just remembered a popular one around here ....

" HODDLLL !!!!"   

"It's better to be out wishing you were in than to be in, wishing you were out"

As a Go player, I'm particularly drawn to #8:

This one is best:

I love it!

My $.02.

just found this:

if you let the market make you feel high or low, you will lose money - Dr. Alexander Elder

#16
Improve trolling skills to maximize profit


 

+1

My fave is #12

I personally go by these:
#1 it goes up
#2 it goes down
#3 it goes mostly up

From these derive:
#4 buy low sell high
#5 when in doubt long

OK ..let's have some fun here..the atmosphere is depressing..LOL
I found these quotes inspiring - although they were coined by day traders for day traders ...they apply to Bitcoin trading as well !
Just read and think of the similarities
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DAY TRADING QUOTE #1

"If you don't know what you are doing, doing nothing is better than doing you know what" - Trader Jack

DAY TRADING QUOTE #2

"Trade what you see, Not what you think"

DAY TRADING QUOTE #3

"Most traders take a good system and destroy it by trying to make it into a perfect system."

DAY TRADING QUOTE #4

"If you're going to panic, panic early."

DAY TRADING QUOTE #5

"If you look around the table and don't see a sucker, then you are the sucker."

DAY TRADING QUOTE #6

"If you find yourself in the bottom of a deep hole, the first thing to do is stop digging."

DAY TRADING QUOTE #7

"The system wasn't designed so that most people could beat it."

DAY TRADING QUOTE #8

"At all levels of play the secret of success lies not so much in playing well as in not playing badly."

DAY TRADING QUOTE #9

"The key is consistency and discipline. Almost anybody can make up a list of rules that are 80% as good as what we taught. What they can't do is give (people) the confidence to stick to those rules even when things are going bad." Richard Dennis, on Turtle Trading

DAY TRADING QUOTE #10

"The opportunity of a lifetime must be seized during the lifetime of the opportunity." -Leonard Ravenhill

DAY TRADING QUOTE #11

"Experienced traders control risk, inexperienced traders chase gains." -Alan Farley

DAY TRADING QUOTE #12

"The market can remain irrational longer than you can remain solvent" - John Maynard Keynes

DAY TRADING QUOTE #13

"My first rule is not to lose money. Losing an opportunity is minor in comparison, because there are always new opportunities around the corner." - Burt Dohmen

DAY TRADING QUOTE #14

"We must remove the emotional element as quickly as possible in trading. If you can do it before you put on a position, you have a good start."

DAY TRADING QUOTE #15

"There are only 3 rules...Rule number 1:- Don't lose money. Rule number 2:- don't forget rule number 1. Rule number 3:- the only thing you should be holding overnight is your dick." Trader Jack