5 Golden Rules of Trading

M

mark04

Dear Traders,

Here are the 5 Golden Rules of Trading. Which one is the most important in the success of the traders?

1. Invest in the direction of the Trend!
2. Cut Losses Quickly.
3. Let Profits Grow…
4. Diversify.
5. Manage Risk.

Regards
mark04
 
Quote from mark04:

Dear Traders,

Here are the 5 Golden Rules of Trading. Which one is the most important in the success of the traders?

1. Invest in the direction of the Trend!
2. Cut Losses Quickly.
3. Let Profits Grow…
4. Diversify.
5. Manage Risk.

Regards
mark04
More...


I propose a little remake:


Rules for losers:

1. Invest in the direction of the Trend!
2. Cut Losses Quickly.


Rules for traders:

3. Let Profits Grow… (?)
4. Diversify.
5. Manage Risk.
 
Quote from mark04:

Dear Traders,

Here are the 5 Golden Rules of Trading. Which one is the most important in the success of the traders?

1. Invest in the direction of the Trend!
2. Cut Losses Quickly.
3. Let Profits Grow…
4. Diversify.
5. Manage Risk.

Regards
mark04
More...


I've got one.....make more money than you lose.

Here's another.....lose less than you make.

Hope that helps!

Buy low, sell high, buy high, sell higher, sell low, buy lower, don't put all your eggs in one basket, the first million is the hardest, a stitch in time saves nine, two wrongs don't make a right......
 
There appears to be a fierce competition between mark04 and the drain-the-banks-dude for the biggest "duh"-moment on elitetrader.com. My money is still on avery.
 
Quote from cabletrader:

I've got one.....make more money than you lose.

Here's another.....lose less than you make.

Hope that helps!

Buy low, sell high, buy high, sell higher, sell low, buy lower, don't put all your eggs in one basket, the first million is the hardest, a stitch in time saves nine, two wrongs don't make a right......
More...

Good ones.

I have one in Italian, how is it rendered in English : "I soldi fanno soldi, i pidocchi fanno pidocchi" ?


T
 
Quote from davidmaria1:

I sold my lice?
More...

:-)))

that could also be a good start rule for trading futures !


more or less literally, it would be: money generates money, lice generate lice.

You have something similar ?


T
 
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