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-   -   Trading Rules for die-hards... (https://www.forexfactory.com/showthread.php?t=208160)

Yuppie Nov 25, 2009 8:47am | Post# 1

Trading Rules for die-hards...
 
1) At the first sign of a position going against you... average down.

Yuppie Nov 25, 2009 8:47am | Post# 2

2) Take a profit while it's there... however small.

Yuppie Nov 25, 2009 8:50am | Post# 3

3) Over-trading creates more opportunities as you are in the market more.

Yuppie Nov 25, 2009 8:51am | Post# 4

4) The markets won't be around forever - make use of [over]-leverage while you can.

Trader_V Nov 25, 2009 8:53am | Post# 5

Another to add
 
Hey Yuppie

How about never let a winner become a loser. Goes well with your #2

Cheers,
Vick

Yuppie Nov 25, 2009 9:02am | Post# 6

Hey Yuppie

How about never let a winner become a loser. Goes well with your #2

Cheers,
Vick

That actually sounds like good advice... which kind of goes against the intended grain of this thread...

Nick_likes_pips Nov 25, 2009 9:07am | Post# 7

Cut your winners short but let your losers run. It'll come back.. it just has to! Its not a loss unless you close the trade.

Yuppie Nov 25, 2009 9:08am | Post# 8

5) The quicker a position goes against you, the more likely it is to go back in your favour quicker as well.

Yuppie Nov 25, 2009 9:08am | Post# 9

Cut your winners short but let your losers run. It'll come back.. it just has to! Its not a loss unless you close the trade.

Trader_V Nov 25, 2009 12:22pm | Post# 10

That actually sounds like good advice... which kind of goes against the intended grain of this thread...
Sorry man I am a little slow today LOL

How about add to your losers because while your hanging on to it for its eventual return you will win huge!

Yuppie Nov 25, 2009 12:31pm | Post# 11

Sorry man I am a little slow today LOL

How about add to your losers because while your hanging on to it for its eventual return you will win huge!

Exactly... it's bound to turn 'round at some point!

tommyd Nov 25, 2009 12:41pm | Post# 12

1) At the first sign of a position going against you... average down.
Yeah, after all, how low could it go.. uuhh

opie999 Nov 25, 2009 1:35pm | Post# 13

Never set hard stops. That's what margin calls are for.

Yuppie Nov 25, 2009 1:41pm | Post# 14

Don't keep trading records, they'll just distract you from your current trading.

Price Nov 25, 2009 2:03pm | Post# 15

Alcohol steadies the nerves.

Yuppie Nov 25, 2009 2:09pm | Post# 16

Alcohol steadies the nerves.

I actually lol'ed at this one...

cornelluva Nov 25, 2009 9:44pm | Post# 17

Trade everything with a price. Why miss an opportunity?

letitride Nov 25, 2009 11:37pm | Post# 18

The more indicators you have on your chart the more likely you'll make money.

Don't mock its true

FXSurfer Nov 26, 2009 1:31am | Post# 19

Just put on the trade already - you're bored as hell, right?

ohenry Nov 26, 2009 1:35am | Post# 20

Listen to everyone, act on all that your read and hear, with that shot gun approach you bound to get something right


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