 | There are only few rules that are keys to successful trading. Easy to understand, but not easy to do.
1. Never trade anything without a trend. Most markets have random price action amost of the time. Don't try to infer a pattern when none exists.
2. Find a timeframe that suits your personality and abilities. (ie, You must enjoy watching ticks to daytrade.)
3. Never fight a primary trend. Never average down and hope for a reversal. (There's no such thing as too high or too low. )
4. Beyond New highs and lows are where the real profits lie. Real traders make money in the unchartered territories, when others distrust the trend.
5. Never bet a big through a new-high or new-low. You don't know if it's going to reverse or not.
6. New-high pullback is time to buy, not short. New-low bounce is time to short, not long.
7. Forget the fancy stuff. Don't bother with RSI, fibonacci or Elliot waves. There's nothing mystical or technical about the markets. Simply use prior long-term highs and lows (aka Support and Resistance), and enter at pullbacks to each trend.
That's it! | | | |
| Answered by: sherwin - 65 Months Ago. |
| 6 Comments |
| |
 | The old rules are the best rules. They're simple, they work, and have been tried and proven. Adherence to the rules is difficult.
1. In bull markets, you must be long. It's okay to short the first rally in a bull market, but you can't continue to short afterwards.
2. Drop the "buy low, sell high" rule. Even "buy higher and sell higher" is oversimplified. You must "buy new-high pullback, sell ridiculously high."
3. Enter each position with the vision as if it has the potential to be the biggest trade of the year.
4. Before trading, plan your entries, plan your exits.
5. On minor corrections against the major trend, add to trades. Use the 33-50% corrections level of the previous movement or the proper moving average as a first point in which to add.
6. Be patient. If a trade is missed, wait for a correction to occur before putting the trade on.
7. Be patient. Once a trade is put on, allow it time to develop and give it time to create the profits you expected.
8. Be patient. Drop the "you never go broke taking a profit" rule. Small profits are not what real traders shoot for. The majority of your year is made from two or three large trades that each year.
9. Be patient. Once a trade is put on, give it time to work; give it time to insulate itself from random noise; give it time for others to see the merit of what you saw earlier than they.
10. Cut your losses quick. If the previous movement is close to fully retraced, don't trust the trend.
11. Never add to a losing trade. Getting a better price is a sure way to ruin.
12. Mental readiness is key. If a loss hurts, take a break. The urge "to get the money back" is dangerous. | | | |
| Answered by: imisd - 65 Months Ago. |
| 1 Comments |
| ● | Un des accessoires les plus populaires des Burberry Femme sont des Sac Burberry. Ils ont été ensemble très essentielle pour la mode femme contemporaine. Chaque femme désire montrer le sac à main Burberry Soldes plus à la mode et magnifique qu’elle a. Ils sont désireux d’un sac à main Burberry Pas Cher chic et mode, qui est confortable, ainsi que facile à utiliser. |
| Commented by: 526341 - 12 Months Ago. |
| Add Comments |
|
| |
 | Interesting answers. Here are my rules:
When money comes, take it. And don't give it back. Sometimes, I just get lucky on a trade. I don't question it, I don't push it. I just simply take it. And I won't look to re-enter on a small pullback, or any other tricks the market does to try to take my money back.
When money goes, leave it. I'm never trading large enough to have it affect me. But I won't ride a trend against me for long. I will leave the position as soon as a trend is defined against me, as mentioned, new lows would pretty well be it.
Be flexible, in both time and size. If you need a sizable position now, you're going to get a bad price. The market is always about getting the best price. So I scale in, and take whatever the market gives me. I often use Bollinger Bands to show me what a good price is. Then I wait, because I'm patient, and I don't need the position.
I follow some specific strategies, based on chart patterns, but it's hard to describe them rules.
Good luck and good trading. | | | |
| Answered by: Major Tom - 55 Months Ago. |
| 1 Comments |
| ● | Burberry Bags outlet online wholesaling provides all customers a good chance to own high quality Burberry handbags with cheap price.Various kinds of colors make it very beautiful. Burberry Canada bags are full of fashion elements. Outside with a fashion Burberry Outlet can make you be more eye-catching.All our products are made with advanced technology and top quality. Burberry Scarf has enjoyed a good reputation for many years cause the high quality. |
| Commented by: 526341 - 12 Months Ago. |
| Add Comments |
|
| |
 | All markets are tricky. They are designed to take your money, unless you're careful.
At the core, trading is simply "Anticipate and Invalidate".
- Anticipate meaning when you see a pattern emerging, you take your position.
- Invalidate meaning the market will often prove you wrong, so you gotta get out fast.
Trading properly requires you to assess objectively, and often that's impossible if you take a position. Say if you're long, every pattern looks bullish. To see the world without your tainted glasses is the "Zen" of trading. | | | |
| Answered by: karz - 54 Months Ago. |
| Add Comments |
|
 | Top 10 Rules For Successful Trading
Rule No.1: Always Use a Trading Plan
Rule No.2: Treat Trading Like a Business
Rule No.3: Use Technology to Your Advantage
Rule No.4: Protect Your Trading Capital
Rule No.5: Become a Student of the Markets
Rule No.6: Risk Only What You Can Afford to Lose
Rule No.7: Develop a Trading Methodology Based on Facts
Rule No.8: Always Use a Stop Loss
Rule No.9: Know When to Stop Trading
Rule No.10: Keep Trading in Perspective
coffee machine ON TOPONS.For more information,please check:
http://www.topons.com
http://blog.topons.com | | | |
| Answered by: toponsmar - 20 Months Ago. |
| 1 Comments |
| ● | As the saying goes "we must first, on the pitch, the players were kicked out of better performance, the right pair of new soccer shoes 2012 shoes is essential. discount adidas soccer shoes shoes and can not bring changes in the players essentially. Bring mercurial superfly ii shoes can not be said adidas, is the adidas produced on feet shoes. The adiPURE nike total 90 shoes to follow classic detailed hand-made, the main concepts in this series is the tradition of its predecessor is adidas's COPA. As a traditional concept of football shoes, nike mercurial 2012 shoes, the technical content is limited, so technically complete player more suitable for wearing boots.However, because of the excessive pursuit of wholesale mercurial soccer shoes shoes lightweight football shoe uppers durability is relatively poor. Total 90 nike total 90 shoes designed specifically for strength player series literature and history. This feet shoes placed in the midsole Zoom Air cushion technology rarely used in the past total 90 laser elite shoes in order to increase the comfort, the Air Zoom Total 90 also rated as the most comfortable one of the mercurial soccer shoes shoes. Since then, many top players, including Roberto Carlos, Fabio Cannavaro, Rooney has become a supporter of the Total 90 2012 ronaldo mercurial shoes.adidas copa
Add Comments |
|
| |
 | Http://www.coachoutletusaonline2013.net/ coach factory outlet
http://www.louisvuittonpursesoutletss.com/ louis vuitton handbags
http://www.coachfactorystorees.net/ coach factory outlet
http://www.coachoutletusahop.org/ coach outlet online
http://www.buycoachsoutletfactory.net/ coach factory outlet
http://www.get-coachoutletonlines.com/ coach outlet
http://www.coachoutlets--canada.com/ coach outlet online
http://www.coachoutletpursee.org/ coach purses outlet
http://www.coachoutletonlinespurse.org/ cheap coach bags
http://www.coachfactorybagss.org/ coach factory
http://www.coachsoutlets2you.net/ coach outlet online | | | |
| Answered by: coachee - 7 Months Ago. |
| 3 Comments |
| ● | a bedroom for four years. According to Dick Donovan, the the jordan concord the district attorney in Dallas, Paul Comer drove Mitch to
bus stop in Mississippi on his 18th birthday.Today, police cars cars cheap moncler jackets cars were parked outside the Georgia home where he says
remained captive by his stepfather and mother for most of of jordan concord of his teenage years."We don't have any reason to believe
he's lying, based on his appearance, the stories he's told told cheap replica designer handbags told and the interview with his mom and dad," Ashley
who's with the Paulding County Sheriff's Department, told ABC News.Henson News.Henson jordan concord News.Henson said that when he was found, Mitch, who is
foot 3 inches, weighted 87 pounds."He knew he had come come jordan concord come from Paulding county, and what his name was. My
is that his father confessed, and said, 'Yes, I gave gave replica designer handbags gave him a list of shelters and $200 and sent
to LA," Paulding County District Attorney Dick Donovan told ABC ABC knockoff handbags ABC News.The FBI and the Georgia Bureau of Investigation have
joined the investigation into what went on at the Comers' Comers' moncler jackets men Comers' home.Mitch also has two younger sisters, who Henson said
Paul and Sheila Comer's biological children. The girls knew very very designer replica handbags very little of the brother who was living in the
with th |
| Commented by: wangly - 5 Months Ago. |
| ● | " silver high heel shoes for women Christian Louboutin Alta Arielle A Talon Python Boots suede ankle boots for women Christian Louboutin Mille Cordes 100 Slingbacks Blacksilver high heel shoes for womenChristian Louboutin Fernando 120 Sandals Whitesuede ankle boots for womenChristian Louboutin Red Bottom You You 70mmchristian louboutin authentic shoesChristian Louboutin Coussin Caged Ankle Bootstan christian louboutin pumpsChristian Louboutin Pumps Silverblack dress shoesChristian Louboutin Leopard Print Miss Boxe 70mm Wedgesauthentic sneakers for cheap● | Not just any old backpack, the leather collectibles have been crafted from http://www.coachpursessaleusa.org/ cheap coach purses, and bear embellishments in the form of prescription medicines and Hirst's favourite motif - spots. Be a coco chanel, have people gasp in awe when you step into a place easily by wearing the fabulous outfits from ybridal, one of the best coach outlet store online to shop for:designers like Coach outlet and prada all showed a bevy of coach purses outlet prints on their Fall runways - ushering in a new, unexpected look for the cold-weather months. Recently, we saw some always-stylish celebs getting in on the movement.This anorak-style http://www.usacoachfactoryoutlet.net/ coach factory outlet features taped seams for increased water resistance, a large pocket across the chest and elastic cuffs for an accommodating coach factory. People assume we're gonna dole out rainbows, smiles, and sunshine all the time. Glamorous, even-sophisticated, in that sort of should-come-with-a-floppy-hat-and-giant-sunglasses sort of way.Any Any's are lace-trimmed and come in a heart-shaped box, white Coach outlet's come packaged with their fortunes in crystal - "coach outlet online," "Love," "$$," etc. Here are all the lucky colors, explained:Sprout makes its time-te |
| Commented by: sunshine - 5 Months Ago. |
| Add Comments |
|
| |
