The Stock Market Commandments by @ZorTrades

• The market and stocks go up AND down, Not up OR down.
• Stocks are nothing but letters and numbers, they don’t know who you are and at what price you own them.
• There is a big difference between a company and it’s stock!!! many companies continued to be great companies for months, quarters, years, after their stock peaked.  And also vice versa, they are a ton of shitty companies that have great acting stocks.  Would you rather own a good company or a good stock?
• You don’t know if something is a good buying opportunity until you sell it.  AOL, CSCO, SUNW, MSFT, DELL, YHOO, TANDY, NIFTY 50, were all considered great buying opportunities by a great many.
• If you believe in BEAR RAIDS then you have to believe in BULL RAIDS.
• It’s never DIFFERENT.
• A good company or a good stock is one that you buy and it goes higher in which you profit.
• For some, being a long term investor, just means: I own the stock, its down, and I don’t want to take the loss.
• When the stock you own is down, you already have a loss, you just haven’t  realized it.
• Stocks go up when you have more buyers than sellers.  Stocks go down when you have  more sellers than buyers.
• Tops start from 52 week highs, when things look great.
• They are a million ways to make money in the market, there is not right or wrong way if your P&L is positive.
• Never be so quick to say that you will buy a pullback before you get the pullback.  The little nice high school sweet heart might not be the same girl when she gets back after 2 years working at Rick’s cabaret.
• Price targets are foolish, to say I won’t sell a stock until it reaches a certain level is STUPID.  ”I will wait until I break even to sell it-(AOL HOLDER)”, “when it gets back to 50 I’ll sell it”-(CSCO HOLDER).
• Overbought and oversold are two different animals.  Fading oversold levels works a lot better than fading overbought levels.
• When a stock is going down, don’t blame the shorts, blame the sellers, the shorts have 1/10th  if that of the buying power that long funds have.
• Every major pullback, starts as a -”it’s consolidating great”, “buyers are in control”, “it’s just resting”, “it’s an orderly pullback”.
• What the so call Gurus do is more important than what they say or write on some blog.
• Don’t try to make up for all your losses with one trade, you will fail.
• YOU CAN ALWAYS BUY STOCKS BACK.
• Do not let your position in the stock cloud your judgement, if it is, then go flat (sell it) then analyze it…you will see things differently.
• This game is not about being right or wrong, it’s about making money.  Many rather lose money than admit that they are wrong.