Trading cliches & expressions - the ones you really hate!

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Old Dec 20, 2007, 3:28am   #1
 
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Trading cliches & expressions - the ones you really hate!

The trading world is full of cliches & expressions, some of them are creditable but a lot of them are just cop-outs.

Here is my attempt at cliche bashing, feel free to join in

CLICHE: "No one ever went broke taking profits"

What it really means: "I've lost the last 2 trades and my confidence is low, my latest position is up +5, I'm feeling frightened and I dont want another loser so I'm going to take profit now"
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Old Dec 20, 2007, 3:39am   #2
Joined Dec 2002
Its not what you trade, its how you trade it. (i'm happy for you to think i know what to do in any given situation.)

Last edited by JTrader; Dec 20, 2007 at 3:49am.
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Old Dec 20, 2007, 3:40am   #3
Joined Dec 2002
The bend at the end of a trend is anything but a friend. (just made that one up!)
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Old Dec 20, 2007, 3:42am   #4
Joined Dec 2002
What goes up must come down. (someday).

Last edited by JTrader; Dec 20, 2007 at 3:47am.
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Old Dec 20, 2007, 3:43am   #5
Joined Dec 2002
What goes down must come up. (unless its called marconi)
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Old Dec 20, 2007, 3:45am   #6
 
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Captain Currency started this thread Hello JTrader,

Dont forget to put in what you really think they mean
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Old Dec 20, 2007, 6:54am   #7
 
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Better to be out wishing you were in than in wishing you were out = I'm too scared to trade.

dd
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Old Dec 20, 2007, 10:17am   #8
 
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Hot stock tip...

I think you all know what that means.
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Old Dec 20, 2007, 11:10am   #9
 
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"Does anyone now anything about ....."
= preparation for a scam, when it is a newbies first post.

Investments can go up as well as down.
= your guess is as good as mine, now heres my bill.

Past performance is no guarantee of future performance
= I got lucky. Off to polish my dice.
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Old Dec 20, 2007, 11:33am   #10
 
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ring ring.. "if I could introduce you to an opportunity that could make you 1000% on your money with no risk, would you be interested?"
= I work for a boiler room, please make me richer
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Interesting articles about proprietary trading, including whether you should pay a prop firm for training (don't).
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Old Dec 20, 2007, 11:37am   #11
 
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Douglas have this one on me........

You dont need to know whats going to happen next in order to make money.

I've been at it all this time, all those years, all that money and I still have no idea what the ****'s going on in the markets.Even though I talk on physical non physical astral projections and my left nuts lined up with uranus and even though I throw more **** like that in, I still have no ****ing idea. But I ask all of you punks this... Is it god damn Un-American though..? Well punks is it?


peace.
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Old Dec 20, 2007, 12:30pm   #12
 
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There is a secret hidden agenda.
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Old Dec 20, 2007, 1:11pm   #13
 
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"Register for our free trading seminar..."

= attend our two hour sales pitch where we will lie about profits we've made trading and get you to part with £2k. Where leverage is about levering the credit card out of your wallet and into our swipe machine.
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Old Dec 22, 2007, 11:53pm   #14
 
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"Traders are born, not made"

I can't trade. I couldn't teach either...
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Old Dec 23, 2007, 12:21pm   #15
 
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"Technical Analysis (TA) - The study of market action, usually with price charts, which includes volume and open interest patterns. Also called Chart Analysis, Market Analysis and, more recently, Visual Analysis. " by John. J. Murphy

In layman's terms - spot the ball.
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