“error -you were right but exit was poor — should have locked in profits with trailing stop”
“should have realized move was “over”"
“don’t let profit turn into a loss”
“keep an eye on banks”
“if you clear support and resistance, watch out”
“set profit measuring moves” <– yes, why have I stopped using the Pring approach — I always seem to expect too much!
“draw trendlines, not just support and resistance, and monitor for their breaks”
“entry is done on trend change, not when a trend is mature (or a “move” is mature”)
“get your emotions under control”
“watch the emotions of others”
“technical analysis of volume is critical”
“volume is a rally’s fuel”
“a large spike signals the end of a move”
“it’s hard to make markets move in the afternoon”
“volume is measure of sentiment”
“my transformation from a losing trader to a winning trader took place when I was able to separate my ego needs from making money” – Mark Weinstein
“My ability to win a high percentage of the time is because I have a real fear of the markets. I have found that the greatest traders are the ones who are most afraid of the markets. My fear of the markets has forced me to hone my timing with great precision”
“If my gut feel of market conditions is not right, I don’t trade” – Mark Weinstein
“do not fade a move that’s already a retracement of a spike”
“step back–assess patterns before entering”
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