DislikedSome one Posted 10 Rules for Trading... This weekend on this forum
Whenever I dont follow those rules I have Lost Money even Blown Accounts..I remind my self everyday not to get over confident..and Cocky...
Treat this like a Business.... Need to be right and be always in the MARKET is not important...Take precise entries with good money management..
When Market is messy...study your charts ..and have a Game Plan..and trade that plan...right or wrong..
Most important thing is have a Game Plan...when you are right or when things go wrong.....Ignored
1 rule I strongly disagree with though:
"Never add to a losing trade"
That is simply not a good rule, here in USA our whole retirement money system is based on averaging and it used to be a winning strategy (except for the last few years probably)
My NAV is up this year over 50% and I can honestly say that half of my profits come from averaging down.
Shamu
New voice message: Why are you calling me? If I need you, I'll call you!