Trading Laws

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 easiest 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 17, 1997
Last modified: July 24, 1997
Copyright © 1997, Greg Cramer, O.M.S.
Maintained by: Greg Cramer
optionsms@earthlink.net