- Be calm while trading if you are not calm do not trade and enjoy time off as there is always a new opportunity.
- Preserve capital.
- Trade the market not the opinions.
- No trading rules will deliver a profit 100 percent of the time. (Jesse Livermore)
- Do not trade every day of every year. Trade only when the market is clearly bullish or bearish. Trade in the direction of the general market. If it's rising you should be long, if it's falling you should be short. (Jesse Livermore)
- Manage risk and not profit.
- If you are pressed on time do not trade or use OCO orders (One cancels others). You do not want to trade just because you are going to miss out otherwise. There are always opportunities.
- Loosing trade requires more patience than winning trade. Don't panic.
Wednesday, December 9, 2009
xyzTrends Trading Rules
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