Murphy's Laws -- Commodity Trading
If Murphy had somehow been able to apply his insight to commodities, futures, stocks, and options trading, he might have come up with some of these nuggets...
- It is morally wrong to allow a sucker to keep his money.
- Everybody has a trading system that won't work.
- For every expert who says the market is going up, there is one who says it is going down.
- If you can drink it, don't trade it.
- If it grows, sell it.
- The only bellies you want to play with is your wife's/girlfriend's.
- The successful speculator is one who dies before his time comes.
- If you drop a dead cat far enough, it will bounce.
- The market goes your way the day after your stop is hit.
- Corollary: The big move begins the day after your option expires.
- He who sells uncovered options goes broke.
- If you feel like doubling up a profitable position, slam your dialing finger in the drawer until the feeling goes away.
- The perfect system works every time until you start using it.
- If your system seems to be working well, you haven't been using it long enough.
- The guy who owns the horse when it dies is the loser.
- When it comes to luck or skill, you can't beat luck.
- Pigs won't eat $4 corn or $400 meal.
- When the plate of cookies goes around the table, don't forget to take a couple.
- When the market is wrong, it doesn't pay to be right.
- Be right -- sit tight.
- The best way to make a small fortune is to start with a large one.
- He who knows doesn't tell; he who tells doesn't know.
- The difference between bonds and bond traders is that bonds mature.
Date created: July 30, 1997
Last modified: October 14, 1997
Copyright © 1997, Greg Cramer, O.M.S.
Maintained by: Greg Cramer
optionsms@earthlink.net
