Good design doesn't cost, but it pays.

One market paradigm that I take exception to is: Buy low and sell high. I believe far more money is made by buying high and selling at even higher prices.

If there's a large move on significant news, either favorable or unfavorable, the stock will usually continue to move in that direction.

You must fully understand, strongly believe in, and be totally committed to your trading philosophy. In order to achieve that mental state, you have to do a great deal of independent research. A trading philosophy is something that cannot just be transferred from one person to another; it's something that you have to acquire yourself through time and effort.

Good design doesn't cost, but it pays.