In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be. The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices breaks through the limit in either direction.

Every once in a while you must go to cash, take a break, take a vacation. Don't try to play the market all the time. It can't be done, too tough on the emotions.

There is only one side to the stock market; and it is not the bull side or the bear side, but the right side

Never buy at the bottom, and always sell too soon.

It isn't as important to buy as cheap as possible as it is to buy at the right time.

Never try to sell at the top. It isn't wise. Sell after a reaction if there is no rally.

Don't take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don't be an impatient trader.