5 Golden Rules of Trading

[cabletrader]

Quote from increasenow:

not trading with fresh real cash yet...at least I'm being honest!

That's cool, but what are you trading nowadays? SBUX?

 

[increasenow]

Quote from cabletrader:

That's cool, but what are you trading nowadays? SBUX?

futures...actually AUD, CAD, Swiss Franc futures...CME Globex...and Sugar, 30yr, ES

 

[cabletrader]

Quote from increasenow:

futures...actually AUD, CAD, Swiss Franc futures...CME Globex...and Sugar, 30yr, ES

I see, and can you trade any of them profitably yet?

 

[Alex55]

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

This is true, and sadly: extremely hard to do.
But I see (2) and (4) belonging to (5)...so actually 3 Golden Rules

 

[euclid]

Quote from increasenow:

futures...actually AUD, CAD, Swiss Franc futures...CME Globex...and Sugar, 30yr, ES

Quote from increasenow:

1-master one trading vehicle (option, forex pair, futures contract, stock)

 

[increasenow]

Quote from euclid:

I am trying to learn my own lessons

 

[increasenow]

Quote from cabletrader:

I see, and can you trade any of them profitably yet?

kinda sorta...still need to become a "master of one"

 

[TheMan]

Quote from increasenow:

kinda sorta...still need to become a "master of one"

"master of one"

!!GNAB

 

[deaddog]

Quote from increasenow:

kinda sorta...still need to become a "master of one"

Why not master your threat in chit chat

IncreaseNow's "EXTREME-HIGH ENERGY" Trading Journal

BANG!!!!!

 

[TheROTrader]

Investors diversify.....traders do not. So a rule of trading is not diversify.