Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 175.02

-3.3%

Dec 12 9:30 AM EST

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To: Jon K. who wrote (10671)	3/6/1999 1:51:00 PM
From: Ron McKinnon	of 56535

Jon K--Stuff #1 (this one I have printed and next to my computer; I read it every day; sadly do not always follow it) TRADING RULES-----SHORT VERSION PATIENCE Wait for all the stars to line up You never "have" to make a trade CAPITAL PRESERVATION You can not play if you lose your chips Better to forego profits than lose capital Good money management is critical ADMIT MISTAKES FAST Take losses quickly, while they are small First loss is the best loss; small losses are good losses MAINTAIN BUYING POWER Never be fully invested Have some ammo ready for the "perfect" trade DO NOT OVER TRADE Too many trades or an excessive concentration in a single stock or sector HAVE A PLAN Before you make the entry, have "out" target in mind ahead of time BELIEVE THE MARKET It is bigger than you are, don't fight the tape DO YOUR HOMEWORK Good trading requires a lot of work STAY COOL Emotions will kill you DO NOT GET GREEDY A bunch of singles is better than a home run

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