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6,362 posts
msg #48584
Ignore TheRumpledOne
12/13/2006 1:22:38 AM

Eight Rules of Carney

The Eight Rules of Dean Carney, from the book Ugly Americans. The true story of the Ivy League Cowboys who raided the Asian markets for millions.

1) Never get into something you canít get out by the closing bell. Every trade you make, youíre looking for the exit point. Always keep your eye on the exit point.

2) Donít ever take anything at face value. Because face value is the biggest lie of any market. Nothing is ever priced at its true worth. The key is to figure out the real, intrinsic value ó and get it for much, much less.

3) One minute, you have your feet on the ground and youíre moving forward. The next minute, the ground is gone and youíre falling. The key is to never land. Keep it in the air as long as you f**king can.

4) You walk into a room with a grenade, and your best-case scenario is walking back out still holding that grenade. Your worst-case scenario is that the grenade explodes, blowing you into little bloody pieces. The moral of the story: donít make bets with no upside.

5) Donít overthink. If it looks like a duck and quacks like a duck ó itís a duck.

6) Fear is the greatest motivator. Motivation is what it takes to find profit.

7) The first place to look for a solution is within the problem itself.

8) The ends justify the means, but thereís only one end that really matters. Ending up on a beach with a bottle of champagne.

108 posts
msg #48586
Ignore maxxam80
12/13/2006 10:17:54 AM

oh thats really easy to apply, lol

lets get rich day trading!!

StockFetcher Forums · General Discussion · Eight Rules of Carney<< >>Post Follow-up

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