Love Shack is back open
Rules to trade by
1 Go long in a bull and short in a bear. Remember, not having a position is a position. Hedging is not a position and should be avoided.
2 Buy that which is showing strength - sell that which is showing weakness. Buy high, sell higher...sell low, cover lower.
3 Don't enter a trade until it has been well thought out, a campaign has been devised for adding to the trade, and contingency plans set for exiting the trade.
4 Be patient. If a trade is missed, wait for a correction to occur before putting the trade on. Once a trade is put on, allow it time to develop and give it time to create the profits you expected.
5 Be impatient. As always, small loses and quick losses are the best losses.
6 Never, ever under any condition, add to a losing trade, or "average" into a position.
7 When on tilt, sit it out
8 When trading well, trade somewhat larger.
9 Markets form their tops in violence; markets form their lows in quiet conditions.
10 Trade less and profit more |
