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

  • Lose your opinion, not your money.
  • There are more fools among buyers than among sellers.
  • Predetermine the exit strategy for all trades. Always have a plan for selling, as well as for buying.
  • Successful traders are quick to change their minds and have little pride of opinion.
  • Bulls make money. Bears make money. Pigs get slaughtered.
  • Buy the dips, sell the rallies.
  • Buy the rumor, sell the fact.
  • Buy into bad news and sell into good news.
  • Buy the panic, sell the greed.
  • Buy strength, sell weakness.
  • Never short a dull market.
  • Cut losses short, let profits run.
  • When in doubt, stay out.
  • It’s easier to stay out than to get out.
  • Get out when you can, not when you have to.
  • Never let a winner turn into a loser.
  • Never let a small loss turn into a big loss.
  • The market can remain irrational longer than you can remain solvent.