Sacred Cows

David Fry, author of Create Your Own ETF Hedge Fund, has put together of list of 10 sacred cows:

1.  Make Every Indicated Trade Every Time

2.  Turn Off The TV During Market Hours

3.  Market Sector Rotation Is A Fact Of Life, So Diversify

4.  Accept Your Trading Losses As A Cost Of Doing Business

5.  To Avoid Severe Losses, Stocks Must Be Traded

6.  Have Respect For The Successful Methods Of Others

7.  You Don't Need A PhD To Make Money In The Markets, But You Do Need A Good Feel For The Trigger

8.  At Any Given Time, The Market Can Make Anyone Look Like An Idiot. Always.

9.  If You Have To Forecast, Forecast Often.

10.  Things Change.

Which one is your favorite? I like number 8 the most.