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Trading Rules for die-hards...

  • Post #1
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  • First Post: Nov 25, 2009 8:47am Nov 25, 2009 8:47am
  •  Yuppie
  • | Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
1) At the first sign of a position going against you... average down.
  •  Yuppie
  • | Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
2) Take a profit while it's there... however small.
  •  Yuppie
  • | Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
3) Over-trading creates more opportunities as you are in the market more.
  •  Yuppie
  • | Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
4) The markets won't be around forever - make use of [over]-leverage while you can.
Hey Yuppie

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

Cheers,
Vick
Nothing is impossible, with a willing mind!
  •  Yuppie
  • | Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Trader_V
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...
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.
- nick andre -
  •  Yuppie
  • | Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
5) The quicker a position goes against you, the more likely it is to go back in your favour quicker as well.
  •  Yuppie
  • | Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Nick_likes_pips
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.
Quoting Yuppie
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!
Nothing is impossible, with a willing mind!
  •  Yuppie
  • | Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Trader_V
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!
Quoting Yuppie
1) At the first sign of a position going against you... average down.
Yeah, after all, how low could it go.. uuhh
Never set hard stops. That's what margin calls are for.
  •  Yuppie
  • | Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Don't keep trading records, they'll just distract you from your current trading.
Alcohol steadies the nerves.
  •  Yuppie
  • | Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting price
Alcohol steadies the nerves.

I actually lol'ed at this one...
Trade everything with a price. Why miss an opportunity?
The more indicators you have on your chart the more likely you'll make money.

Don't mock its true
Just put on the trade already - you're bored as hell, right?
Listen to everyone, act on all that your read and hear, with that shot gun approach you bound to get something right
Those that say do not know. Those that know do not say.
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