As I begin to, sadly, wind down The Liss Report I thought I’d leave my readers with a final few gems of wisdom

There are a lot of stock market sayings, some of them quite cliché. But clichés often are just that because they are true. Here are a few of my favorites:

  • Lose your opinion, not your money.
  • Cut your losses; let your profits run.
  • There are more fools among buyers than among sellers.
  • Buy the panic; sell the greed.
  • Never short a dull market.
  • If in doubt, stay out.
  • Bulls make money, bears make money, pigs get slaughtered.
  • Buy dips; sell rips.
  • Predetermine your exit strategy before doing the trade.
  • A good trader is quick to change her mind.
  • Buy the rumor; sell the fact.
  • It’s easier to stay out than to get out.
  • Never trade out of boredom.
  • Get out when you can, not when you have to.
  • Never let a winning position turn into a loser.
  • Never let a small loss turn catastrophic.
  • The market doesn’t know your position. It’s not personal.
  • You are an ant; the market is an elephant.
  • The market can stay irrational longer than you can stay solvent.