25 Rules of Trading Discipline

Interesting perspectives and commentary, that's fer sure.

 

I'll give an example of what a rule is.

Do not go short if market trades above previous day high.
Do not go long if market trades below previous day low.

If you noticed it is not a statement and doesn't give any specifics for an entry, yet it is specific enough that can be used immediately.

 

I want to emphasize how realistic for rule #23. We have to believe ZAL, it happened to everyone of us and very often. Concrete example, yesterday I felt that NYSE:WNR was a good buy at $14.55 but I missed it and now it trades at around $16.30.

 

It most certainly is a rule. It makes no sense, but nevertheless it is a rule.

 

For those of you who have read through the 25 Rules:

I'd like to take a poll of what you feel are the three most important of the 25 and what are the 3 least important or relevant.

Please offer your list(s)

I think it will be interesting to see the results from ET members.

Thanks,

 

7
10
11

 

Are these most important or least important?

 

most important

7
10 and 11
12

 

Thanks for your opinion. C'mon, we need more voting.

 

Most important:
6
23
10

Less important:
3
18
24