To: William W. Dwyer, Jr. who wrote (2578 ) 6/6/1999 9:51:00 PM From: dave carroll Read Replies (2) | Respond to
Well, here it is. After reading many books on trading, each of which had it's own neat, concise set of golden rules, I found they could not give me the most important tool to a trader...experience. While all the lists speak from the experience of another, they tend to hit on the large, grandiose ideas like cutting losses short, or not fighting the trend. Such ideas, while important, I often find to be a bit vague. So here's my list of vague, vapid rules that's value equals a warm bucket of hamster vomit. I tried to make it funny but I found myself thinking of all the expensive events that taught me the rules I wrote down, and I'm only beginning to learn to laugh at my mistakes. The rules speak to the nuts and bolts, down and dirty mechanics of daytrading, stuff no book ever told me about, and I lost quite a bit of $$$ learning on my own:
