Fast Money

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Fast Money

Rules to Remember

Instead of stock picks, the guys are leaving with final thoughts on the rules they never break, and rules that they find hardest to follow.

The hardest thing for Jeff Macke is to remember to learn to admit you’re wrong. Sometimes it’s best to just cut your losses, he says.

Tim Strazzini says he never runs in and buys intraday puts and calls on breaking news. If you do this, you’re late and you’re going to lose.

Guy Adami says don’t ever trade angry or out of boredom.

And Eric Bolling agrees with Jeff that it’s important to remember to know when to admit you’re wrong. But, he adds, don’t ever buy an ethanol stock.

Final Trade

Questions? Comments?

Trader disclosure:
On APR 6, 2007, the day this show was taped, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:
Bolling Owns (DIS), Gold, Silver
Strazzini Owns (VZ), (YHOO)