TSXV:PEM.P - Post by User
Comment by
megabidon Feb 08, 2010 3:15pm
248 Views
Post# 16763595
RE: RE: RE: Paladium futures
RE: RE: RE: Paladium futuresArchive for the ‘Trading 101’ Category
Posted in Trading 101 | 3 Comments | Monday, January 11th, 2010
Bob Farrell’s 10 Lessons:
1. Markets tend to return to the mean over time.
2. Excesses in one direction will lead to an opposite excess in the other direction.
3. There are no new eras – excesses are never permanent.
4. Exponential rising and falling markets usually go further than you think.
5. The public buys the most at the top and the least at the bottom.
6. Fear and greed are stronger than long-term resolve.
7. Markets are strongest when they are broad and weakest when they narrow to a handful of blue-chips.
8. Bear markets have three stages.
9. When all the experts and forecasts agree – something else is going to happen.
10. Bull markets are more fun than bear markets.
Source: Ritholtz.
ShareThis