The 10 Golden Rules to Successful Trading
October 28th 2009 17:04
Adam Hewison of MarketClub, successful trader, has shared his The 10 Golden Rules to Successful Trading in this video:
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I would add one more. Never average down!
Ok, I violate this rule occasionally, but on the whole, you can stay out of big trouble by following this rule. Chances are you made a mistake and should take a small loss and watch for another opportunity or move on. Averaging down gets you invested in an outcome. You do not want your ego invested in a particular viewpoint. You want to be free to go with the flow. Averaging down dams the flow.
Do you have any additional rules? Share them in the comment section or email me at landfair3554@comcast.net
<object classid="clsid
27CDB6E-AE6D-11cf-96B8-444553540000" width="437" height="377" id="viddler"><param name="movie" Really Long Link /><param name="allowScriptAccess" value="always" /><param name="allowFullScreen" value="true" /><embed Really Long Link width="437" height="377" type="application/x-shockwave -flash" allowScriptAccess="always" allowFullScreen="true" name="viddler" ></embed></object>I would add one more. Never average down!
Ok, I violate this rule occasionally, but on the whole, you can stay out of big trouble by following this rule. Chances are you made a mistake and should take a small loss and watch for another opportunity or move on. Averaging down gets you invested in an outcome. You do not want your ego invested in a particular viewpoint. You want to be free to go with the flow. Averaging down dams the flow.
Do you have any additional rules? Share them in the comment section or email me at landfair3554@comcast.net
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