TRADING RULES

Some of the rules were quite pertinent to stock trading, with the substitution of an occasional word. In honor of Sir Seeker, I offer some Rules of Trading:
1- Every takeoff (buy) is optional. Every landing (sell) is mandatory.
2- Flying (trading) isn't dangerous. Crashing is what's dangerous.
3- It's always better to be on the sidelines wishing you had bought the stock that is up there, rather than down there wishing you hadn't bought that stock.
4- A good landing (sell) is one from which you can walk away. A "great" landing (sell) is one after which you can use the plane (money) again.
5-Learn from the mistakes of others. You won't live long enough to make them all yourself.
6- Good judgment comes from experience. Unfortunately, experience usually comes from bad judgment.
7- Keep looking around. There's always something you've missed. (earnings report about to be released? Ex-dividend?)
8- Never let an aircraft (stock) take you somewhere your brain didn't get to five minutes earlier. (Refer to Rule 1: do you know where/why you are going to sell?)
9- There are 3 simple rules for making a smooth landing (good exit). Unfortunately, no one knows what they are.
10- You start with a bag full of luck (money) and an empty bag of experience. The trick is to fill the bag of experience before you empty the bag of luck (money)