the most important trading rule of all time

Quote from Surdo:

So you are saying never average into a larger position?
I bet you are a huge success!

The most important trading rule of all time IMHO is :

"NEVER listen to 95% of the dung posted on this site"!
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lol
 
Quote from megadon:

no losses ...no losses ...no losses ....not even for 30 seconds on paper..................just refuse to lose........learn to get out faster than when you got in..........never let your position begin to hurt you.....m
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This sounds to me like you would be getting constantly stopped out, which would be ok if you aren't paying commission. By the way, Warren Buffett doesn't use close stop orders like that (perhaps doesn't use stops at all).
 
Quote from ddunbar:

Most important rule of all time... (drum roll)

Don't drink or get high before or while trading.
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Nonsense.

Performance enhancing drugs are perfectly legal for trading.
You can increase your long term productivity at least 10-20%...
By developing a drug regimen that's right for you.

Remember...
Success in business means working VERY long hours...
Often on mind-numbingly boring administrative or software development tasks.

If you want glamour... try cross-dressing.
 
Quote from HoundDogOne:

Nonsense.

Performance enhancing drugs are perfectly legal for trading.
You can increase your long term productivity at least 10-20%...
By developing a drug regimen that's right for you.

Remember...
Success in business means working VERY long hours...
Often on mind-numbingly boring administrative or software development tasks.

If you want glamour... try cross-dressing.
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Hello? Betty Ford Clinic? Yeah, I was wondering of you could send me out a pamphlet on how to perform an intervention? See, I have this friend who's a fellow trader and uh...

:-/
 
Quote from ddunbar:

Hello? Betty Ford Clinic? Yeah, I was wondering of you could send me out a pamphlet on how to perform an intervention? See, I have this friend who's a fellow trader and uh...

:-/
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Have you ever known any street drug addicts? Friends that died?

A person in need of intervention...
Likely has worked in years and has not taken a bath in weeks.

On the other hand...
Professionals such are US pilots perform at the highest level...
Often with the help of the stimulants/depressants.

http://www.globalsecurity.org/org/news/2003/030103-speed01.htm

Trading is not unlike playing a repetitive video game...
And flying a modern jet is much like playing a repetitive video game.
 
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