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Dennis Gartman's 19 Rules Of Trading

From businessinsider.com

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)

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