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Trading Rules for die-hards...

  • #1
  • First Post: Nov 25, 2009 5:47am Nov 25, 2009 5:47am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
1) At the first sign of a position going against you... average down.
  • #2
  • Nov 25, 2009 5:47am Nov 25, 2009 5:47am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
2) Take a profit while it's there... however small.
  • #3
  • Nov 25, 2009 5:50am Nov 25, 2009 5:50am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
3) Over-trading creates more opportunities as you are in the market more.
  • #4
  • Nov 25, 2009 5:51am Nov 25, 2009 5:51am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
4) The markets won't be around forever - make use of [over]-leverage while you can.
  • #5
  • Nov 25, 2009 5:53am Nov 25, 2009 5:53am
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!
  • #6
  • Nov 25, 2009 6:02am Nov 25, 2009 6:02am
  •  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...
  • #7
  • Nov 25, 2009 6:07am Nov 25, 2009 6:07am
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 -
  • #8
  • Nov 25, 2009 6:08am Nov 25, 2009 6:08am
  •  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.
  • #9
  • Nov 25, 2009 6:08am Nov 25, 2009 6:08am
  •  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.
  • #10
  • Nov 25, 2009 9:22am Nov 25, 2009 9:22am
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!
  • #11
  • Nov 25, 2009 9:31am Nov 25, 2009 9:31am
  •  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!
  • #12
  • Nov 25, 2009 9:41am Nov 25, 2009 9:41am
Quoting Yuppie
1) At the first sign of a position going against you... average down.
Yeah, after all, how low could it go.. uuhh
  • #13
  • Nov 25, 2009 10:35am Nov 25, 2009 10:35am
Never set hard stops. That's what margin calls are for.
  • #14
  • Nov 25, 2009 10:41am Nov 25, 2009 10:41am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Don't keep trading records, they'll just distract you from your current trading.
  • #15
  • Nov 25, 2009 11:03am Nov 25, 2009 11:03am
Alcohol steadies the nerves.
  • #16
  • Nov 25, 2009 11:09am Nov 25, 2009 11:09am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting price
Alcohol steadies the nerves.

I actually lol'ed at this one...
  • #17
  • Nov 25, 2009 6:44pm Nov 25, 2009 6:44pm
Trade everything with a price. Why miss an opportunity?
  • #18
  • Nov 25, 2009 8:37pm Nov 25, 2009 8:37pm
The more indicators you have on your chart the more likely you'll make money.

Don't mock its true
  • #19
  • Nov 25, 2009 10:31pm Nov 25, 2009 10:31pm
Just put on the trade already - you're bored as hell, right?
  • #20
  • Nov 25, 2009 10:35pm Nov 25, 2009 10:35pm
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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