Based on my own experiences as a trader and on conversations with many top analysts and traders on my radio program and elsewhere, here is a top-10 list of observations I would like to pass along to you after 23 years in the trading business. You may recognize some of these thoughts as market clichés, but they have stood the test of time and should be helpful for you as well. You only have three choices when you are in a bad position, and it is not hard to figure out what to do: (1) Get out, (2) double up, or (3) spread it off. I have always found getting out to be the best of all three choices. No opinion on the market or you are doubtful about market direction? Then stay out. Remember, when in doubt, stay out. Don’t ever let anyone know how big your wallet is,…    read more