Discover the best futures trading rules and learn whether the most common trading sayings belong in your trade plan or are just useless “fortune cookies.”
In Episode 2 of Both Sides of the Trade, Matt Zimberg and Ben evaluate 23 of the most repeated trading catchphrases to separate solid risk management from vague nonsense. We break down the psychology behind everything from “buy the dip” to “never average down,” explaining:
– Why catchphrases can be dangerous and misleading for beginner traders.
– The strict difference between a quantifiable trade plan and a fortune cookie.
– Why you should never add to a losing position (averaging down).
– The reality behind stop hunts, market manipulation myths, and trading the auction.
CHAPTERS
[00:00] – Cold open and intro
[00:20] – Matt and Ben catch up
[01:01] – Why catchphrases sound smart to beginners
[05:07] – Be a slow student
[06:49] – The rules: trade plan or fortune cookie?
[08:06] – 1. Don’t revenge trade
[11:42] – 2. Overtrading kills accounts
[13:07] – 3. Buy the dip
[13:50] – 4. Protect your capital
[15:30] – 5. Don’t chase. FOMO.
[16:05] – 6. Scared money don’t make money
[18:17] – 7. Buy low, sell high
[19:13] – 8. You can’t go broke taking a profit
[20:58] – 9. Cut your losses short, let your winners run
[23:09] – 10. Never move your stop
[24:34] – 11. Trade small, stay in the game
[26:51] – 12. Never average down
[32:20] – 13. Bulls make money, bears make money, pigs get slaughtered
[33:41] – 14. The market doesn’t care about you
[36:51] – 15. Don’t marry a position
[39:22] – 16. Plan your trade, trade your plan
[40:23] – 17. Don’t catch a falling knife
[42:11] – 18. Keep it simple
[48:34] – 19. Risk only what you can afford to lose
[51:47] – 20. Follow the smart money
[52:55] – 21. Trade what you see, not what you think
[56:10] – 22. The trend is your friend
[58:22] – 23. Stop hunts
[01:03:21] – The car auction: how price finds value
[01:06:38] – Wrap-up
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Disclaimer:There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. When considering technical analysis, please remember educational charts are presented with the benefit of hindsight. Market conditions are always evolving, and technical trading theories and approaches may not always work as intended. The placement of contingent orders by you or broker, or trading advisor, such as a “stop-loss” or “stop-limit-order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders. The high degree of leverage that is often obtainable in commodity interest trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. Optimus Futures, LLC is not affiliated with nor does it endorse any trading system, methodologies, newsletter, or other similar service. We urge you to conduct your own due diligence.
