Rules to live by for a Trader...Trading Rules!!

[HolyGrail]

Quote from cubsguy81:

What do you do then if you are done by noon?

I check on my current, and future potential swing trades.

 

[dhpar]

Quote from gimp570:

Sure experience is big...but it is good to have a list of DON"Ts....that you should never ever do...

fair enough - but what I tried to say is that the list of DON'Ts is often different for different people and conditioned on their individual experience (and their trading style).
For instance people often say "do not add to losers" - not necessarily a good advice under all circumstances....etc etc

 

[bigbadbaz]

There is only one rule... take no prisoners

 

[dhpar]

Quote from bigbadbaz:

There is only one rule... take no prisoners

I like that - so maybe I was wrong after all
This one should be universal

 

[stock_trad3r]

#1 rule: don't blow up

 

[minmike]

Never follow anyone else's rules. I violate about half of the rules put up there and I am profitable. Other peoples rules can only be suggestions until you decided that they work for you.

Suggestion #1 trade as small as you can that you will still care about.

Suggestion #2 (Works for any business) Keep costs down.

 

[Ansare]

Quote from William Rennick:

Give it a quick toss whenSue Herrera and her monster cans comes on at early afternoon. Spank it early enough so you'll be reloaded by the time Maria B. comes on. Then it's shorts around the ankles when the CBS Evening news comes on with Katie Couric.


Rennick Westheimer out

The bad news is you're a moron.

The good news is you're a very funny moron.

Ansare

 

[Ansare]

Quote from bigbadbaz:

There is only one rule... take no prisoners

Wow, that was really, really deep. No, seriously.