Market Cliches: Learn and memorize those market cliches. They may be repeated a lot by websites, brokers and the like, but they do hold some value in their lessons.
Let's talk about my favorite cliche: "The trend is your friend."
One might argue that the most important tip to successful trading is to stick with the trend as much as possible. I'm not sure who said it first, but they clearly knew the secret to making money in the markets. Any trader worth their salt will tell you that, It's easier to make money trading with the trend vs. trading against the trend.
It's something to think about next time your researching that next great trade. Am I going with the flow or not?
Here are a few more of my favorites:
"When in doubt, get out."
"Don't try to catch a falling knife."
"Sell in May and go away."
"Buy the rumor and sell the news."
Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
