average down - lyc, can it work?, page-25

No such thing as never do this never do that in the stock market.

Never chase a stock. ( One expert says buy a stock at high price and sell it higher - boy who do u believe).
Never average a loser
Almost bet in the direction of the trend
Never be greedy
Never be impatient.

I tell you one thing - the 2% who are successful traders have been tremendously lucky - they will lose it all back as long as they keep trading.

As long as we cannot predict the future what I stated is true.

It is zero sum game and ultimately everybody will lose money which is equivalent to the transaction charge assuming no in-or-de flation of course