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Top Ten Trading Rules

  • #1
  • First Post: Feb 21, 2008 2:50am Feb 21, 2008 2:50am
1) Never let a winner turn into a loser
2) logic wins, impulse kills
3) never risk more than 2% per trade
4) trigger fundamentally, enter and exit technically
5) always pair strong with weak
6) being right but being early simply means that you are wrong
7) know the diffeence between scaling in and adding to a loser
8) what is mathematically optimal is psychologically impossible
9) risk can be predetermined; but reward is unpredictable
10) no excuses ever
  • #2
  • Feb 21, 2008 2:54am Feb 21, 2008 2:54am
Quoting haymus

8) what is mathematically optimal is psychologically impossible

I especially like this one.
I believe this is one of the reason so manny people fail in their bussines.
  • #3
  • Feb 21, 2008 4:04am Feb 21, 2008 4:04am
1) Never let a winner turn into a loser

Easier said than done; need to work out a good way of deciding when the trade has reached its peak.

4) trigger fundamentally, enter and exit technically

Isn't this debatable?

5) always pair strong with weak

Can you expand on this?

6) being right but being early simply means that you are wrong

Been there, done that.

7) know the diffeence between scaling in and adding to a loser

Absolutely.

8) what is mathematically optimal is psychologically impossible

Please expand?
The market reveals who we really are...
  • #4
  • Feb 21, 2008 5:11am Feb 21, 2008 5:11am
what is mathematically .......

The youngest son in the a family asked his father, Daddy, what is the difference between 'potentially' and 'reality" Dad: I will show you. He turned to his wife and asked: "Would you sleep with Tom Cruise for two million dollars?" Wife: Yes. I would never waste such an Opportunity to become a millionaire. Then dad turned to his daughter: Would you sleep with Will Smith for 1 million dollars? Daughter: Yes. That is my fantasy. Dad turned to his older son: Would you sleep with Denzel Washington for 1 million dollars? Son: Yes. Imagine what I would do with 1 million. Dad to his youngest son: You see "potentially' we are sitting on 4 million. But in "reality" we are living with 2 prostitutes and 1 gay. My son,you see what money can do.Please be cautious and reasonable.
  • #5
  • Feb 21, 2008 5:42am Feb 21, 2008 5:42am
Quoting haymus
what is mathematically .......

The youngest son in the a family asked his father, Daddy, what is the difference between 'potentially' and 'reality" Dad: I will show you. He turned to his wife and asked: "Would you sleep with Tom Cruise for two million dollars?" Wife: Yes. I would never waste such an Opportunity to become a millionaire. Then dad turned to his daughter: Would you sleep with Will Smith for 1 million dollars? Daughter: Yes. That is my fantasy. Dad turned to his older son: Would you sleep with Denzel Washington for 1 million dollars? Son: Yes. Imagine what I would do with 1 million. Dad to his youngest son: You see "potentially' we are sitting on 4 million. But in "reality" we are living with 2 prostitutes and 1 gay. My son,you see what money can do.Please be cautious and reasonable.
I like your example of jokes
  • #6
  • Feb 21, 2008 8:19am Feb 21, 2008 8:19am
Dont predict. Simply react quickly.
  • #7
  • Feb 21, 2008 9:18am Feb 21, 2008 9:18am
Quoting haymus
1) Never let a winner turn into a loser
2) logic wins, impulse kills
3) never risk more than 2% per trade
4) trigger fundamentally, enter and exit technically
5) always pair strong with weak
6) being right but being early simply means that you are wrong
7) know the diffeence between scaling in and adding to a loser
8) what is mathematically optimal is psychologically impossible
9) risk can be predetermined; but reward is unpredictable
10) no excuses ever
Hamm Good ...
  • #8
  • Feb 21, 2008 9:53am Feb 21, 2008 9:53am
Quoting haymus
what is mathematically .......

The youngest son in the a family asked his father, Daddy, what is the difference between 'potentially' and 'reality" Dad: I will show you. He turned to his wife and asked: "Would you sleep with Tom Cruise for two million dollars?" Wife: Yes. I would never waste such an Opportunity to become a millionaire. Then dad turned to his daughter: Would you sleep with Will Smith for 1 million dollars? Daughter: Yes. That is my fantasy. Dad turned to his older son: Would you sleep with Denzel Washington for 1 million dollars? Son: Yes. Imagine what I would do with 1 million. Dad to his youngest son: You see "potentially' we are sitting on 4 million. But in "reality" we are living with 2 prostitutes and 1 gay. My son,you see what money can do.Please be cautious and reasonable.
The market reveals who we really are...
  • #9
  • Feb 21, 2008 11:01am Feb 21, 2008 11:01am
Quoting WTB
Dont predict. Simply react quickly.
Yep, you've got it.
  • #10
  • Feb 21, 2008 3:26pm Feb 21, 2008 3:26pm
Quoting haymus
what is mathematically .......

The youngest son in the a family asked his father, Daddy, what is the difference between 'potentially' and 'reality" Dad: I will show you. He turned to his wife and asked: "Would you sleep with Tom Cruise for two million dollars?" Wife: Yes. I would never waste such an Opportunity to become a millionaire. Then dad turned to his daughter: Would you sleep with Will Smith for 1 million dollars? Daughter: Yes. That is my fantasy. Dad turned to his older son: Would you sleep with Denzel Washington for 1 million dollars? Son: Yes. Imagine what I would do with 1 million. Dad to his youngest son: You see "potentially' we are sitting on 4 million. But in "reality" we are living with 2 prostitutes and 1 gay. My son,you see what money can do.Please be cautious and reasonable.
Gotta appreciate a good ol' joke
Measure twice, cut once
  • #11
  • Feb 21, 2008 10:55pm Feb 21, 2008 10:55pm
Quoting haymus
what is mathematically .......

The youngest son in the a family asked his father, Daddy, what is the difference between 'potentially' and 'reality" Dad: I will show you. He turned to his wife and asked: "Would you sleep with Tom Cruise for two million dollars?" Wife: Yes. I would never waste such an Opportunity to become a millionaire. Then dad turned to his daughter: Would you sleep with Will Smith for 1 million dollars? Daughter: Yes. That is my fantasy. Dad turned to his older son: Would you sleep with Denzel Washington for 1 million dollars? Son: Yes. Imagine what I would do with 1 million. Dad to his youngest son: You see "potentially' we are sitting on 4 million. But in "reality" we are living with 2 prostitutes and 1 gay. My son,you see what money can do.Please be cautious and reasonable.
Hahahaha Your post must have to moved in a commedy club thread lol:
  • #12
  • Last Post: Feb 22, 2008 12:12am Feb 22, 2008 12:12am
Quoting WTB
Dont predict. Simply react quickly.
Now that is hitting the nail on the head
Not all sins are created equal
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