2024
- Shorting stocks as part of risk management
- Backtesting can’t be used to forecast the future
- Everything between the entry and exit is unimportant
- Good performance comes from not knowing
2023
- There’s more to life than trading
- Price makes news, not the other way around
- Drawdowns are like scars showing that we have survived
2022
- Placing trades should be boring
- The house edge
- Technicals often precede fundamentals
- In the markets you don’t make it happen, you let it happen
- I’m attacking the risk, not trying to avoid it
- Comparison makes market participants unhappy
2021
- Be bold with your profits
- I don’t pick stocks, the stocks pick me
- Every trading strategy has drawdowns
- Trading into earnings is a crapshoot
- All stocks are bad unless they go up in price
- How to beat the S&P 500 index with market timing
- A bubble is a bull market you are not participating in
2020
- I don’t take profits and losses, I exit
- Good trading ideas often turn out to be bad when backtested
- It is OK to be wrong, it is not OK to stay wrong
- It is not thinking that makes big money in stock market
- The data for any decision is infinite
- The best loser is the long-term winner
- Focus on process, not results
2019
- Trading is not easy, but it’s simple
- Amateurs want to be right, pros want to make money
- Treat trading like a business
- Live to fight another day