The Market pays you to be disciplined
-
Dennis Gartman's 19 Rules Of Trading
2013 was great year for stocks and a crazy year for bonds. But the amount of money you made depends on how you traded. Dennis Gartman, editor and publisher of the Gartman Letter, has 19 rules of trading from 2013. But these hold true in general. Here they are verbatim: NEVER, EVER, EVER ADD TO A LOSING POSITION: EVER!: Adding to a losing position eventually leads to ruin, remembering Enron, Long Term Capital Management, Nick Leeson and myriad others. TRADE LIKE A MERCENARY SOLDIER: As traders/investors we are to fight on the winning side of the trade, not on the side of the trade we may believe to be economically ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Nov 29, 2013 3:39pm Nov 29, 2013 3:39pm
- mima
- | Membership Revoked | Joined May 2008 | 966 Comments
- Comment #2
- Quote
- Nov 29, 2013 5:19pm Nov 29, 2013 5:19pm
- piptastic
- | Joined Jun 2010 | Status: FXTRDR | 305 Comments
Anything can happen in FOREX. There's no 100% sure
- Comment #3
- Quote
- Nov 29, 2013 6:57pm Nov 29, 2013 6:57pm
- TraderPablo
- | Joined Oct 2011 | Status: Member | 296 Comments
- Comment #4
- Quote
- Nov 29, 2013 10:28pm Nov 29, 2013 10:28pm
- michaelpelly
- Joined Oct 2012 | Status: Member | 1992 Comments
- Comment #5
- Quote
- Nov 29, 2013 10:32pm Nov 29, 2013 10:32pm
- michaelpelly
- Joined Oct 2012 | Status: Member | 1992 Comments
- Comment #6
- Quote
- Nov 29, 2013 10:39pm Nov 29, 2013 10:39pm
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir
- Comment #7
- Quote
- Nov 29, 2013 10:56pm Nov 29, 2013 10:56pm
- Jgcole83
- Joined Mar 2013 | Status: Fear and hope remain the same | 33 Comments
"A true speculator tries the market small." - Jesse Livermore
- Comment #8
- Quote
- Nov 29, 2013 10:59pm Nov 29, 2013 10:59pm
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir
- Comment #9
- Quote
- Nov 29, 2013 11:04pm Nov 29, 2013 11:04pm
- Jgcole83
- Joined Mar 2013 | Status: Fear and hope remain the same | 33 Comments
"A true speculator tries the market small." - Jesse Livermore
- Comment #10
- Quote
- Nov 29, 2013 11:24pm Nov 29, 2013 11:24pm
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir
- Comment #11
- Quote
- Nov 29, 2013 11:29pm Nov 29, 2013 11:29pm
- Jgcole83
- Joined Mar 2013 | Status: Fear and hope remain the same | 33 Comments
"A true speculator tries the market small." - Jesse Livermore
- Comment #12
- Quote
- Nov 29, 2013 11:31pm Nov 29, 2013 11:31pm
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir
- Comment #13
- Quote
- Nov 29, 2013 11:48pm Nov 29, 2013 11:48pm
- Jgcole83
- Joined Mar 2013 | Status: Fear and hope remain the same | 33 Comments
"A true speculator tries the market small." - Jesse Livermore
- Comment #14
- Quote
- Nov 30, 2013 12:07am Nov 30, 2013 12:07am
- enochben
- Joined Dec 2007 | Status: a.k.a. the speculator | 109 Comments
- Comment #15
- Quote
- Nov 30, 2013 12:35am Nov 30, 2013 12:35am
- frx_trader
- Joined Jun 2012 | Status: Analyst | 3129 Comments
- Comment #16
- Quote
- Nov 30, 2013 1:37am Nov 30, 2013 1:37am
- Ringo Star
- | Joined Dec 2010 | Status: Member | 42 Comments
Enter Signature
- Comment #17
- Quote
- Nov 30, 2013 3:02am Nov 30, 2013 3:02am
- PipTrapper
- Joined Aug 2008 | Status: Persist Until Something Happens | 798 Comments
Those who say it cannot be done should not interrupt those who are doing it
- Comment #18
- Quote
- Nov 30, 2013 5:01am Nov 30, 2013 5:01am
- Slim Buffett
- | Additional Username | Joined Mar 2012 | 182 Comments
When the Joker is in the deck.. fear not and play it well
- Comment #19
- Quote
- Nov 30, 2013 11:04am Nov 30, 2013 11:04am
- TraderPablo
- | Joined Oct 2011 | Status: Member | 296 Comments
- Comment #20
- Quote
- Nov 30, 2013 11:50am Nov 30, 2013 11:50am
- TraderPablo
- | Joined Oct 2011 | Status: Member | 296 Comments
- Comment #21
- Quote
- Nov 30, 2013 12:34pm Nov 30, 2013 12:34pm
- TEB63
- Joined Jan 2007 | Status: Member | 9 Comments
- Comment #22
- Quote
- Nov 30, 2013 2:49pm Nov 30, 2013 2:49pm
- Spreadbetter
- | Membership Revoked | Joined Feb 2012 | 3235 Comments
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
- Comment #23
- Quote
- Nov 30, 2013 3:23pm Nov 30, 2013 3:23pm
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir
- Comment #24
- Quote
- Nov 30, 2013 6:08pm Nov 30, 2013 6:08pm
- mima
- | Membership Revoked | Joined May 2008 | 966 Comments
The Market pays you to be disciplined
- Comment #25
- Quote
- Nov 30, 2013 7:34pm Nov 30, 2013 7:34pm
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir
- Comment #26
- Quote
- Nov 30, 2013 7:42pm Nov 30, 2013 7:42pm
- TraderPablo
- | Joined Oct 2011 | Status: Member | 296 Comments
- Comment #27
- Quote
- Nov 30, 2013 7:52pm Nov 30, 2013 7:52pm
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir
- Comment #28
- Quote
- Nov 30, 2013 8:13pm Nov 30, 2013 8:13pm
- TraderPablo
- | Joined Oct 2011 | Status: Member | 296 Comments
- Comment #29
- Quote
- Nov 30, 2013 8:18pm Nov 30, 2013 8:18pm
- Loadedgun
- | Membership Revoked | Joined Sep 2010 | 3678 Comments
- Comment #30
- Quote
- Dec 1, 2013 6:32am Dec 1, 2013 6:32am
- Agungla
- | Joined Nov 2013 | Status: Member | 87 Comments