5 Golden Rules of Trading

Discussion in 'Forex' started by mark04, Oct 19, 2009.

  1. mark04

    mark04

    Dear Traders,

    Here are the 5 Golden Rules of Trading. Which one is the most important in the success of the traders?

    1. Invest in the direction of the Trend!
    2. Cut Losses Quickly.
    3. Let Profits Grow…
    4. Diversify.
    5. Manage Risk.

    Regards
    mark04
     
  2. Hey, thanks for shill....I mean, sharing!
     
  3. iuykcif

    iuykcif


    I propose a little remake:


    Rules for losers:

    1. Invest in the direction of the Trend!
    2. Cut Losses Quickly.


    Rules for traders:

    3. Let Profits Grow… (?)
    4. Diversify.
    5. Manage Risk.
     

  4. I've got one.....make more money than you lose.

    Here's another.....lose less than you make.

    Hope that helps!

    Buy low, sell high, buy high, sell higher, sell low, buy lower, don't put all your eggs in one basket, the first million is the hardest, a stitch in time saves nine, two wrongs don't make a right......
     
  5. Pippi436

    Pippi436

    There appears to be a fierce competition between mark04 and the drain-the-banks-dude for the biggest "duh"-moment on elitetrader.com. My money is still on avery.
     
  6. The Shilling top 5

    1. Shilling me softly
    2. A View to a Shill
    3. The Shilling Fields
    4. Shill'em All
    5. Shill Bill
     
  7. iuykcif

    iuykcif

    Good ones.

    I have one in Italian, how is it rendered in English : "I soldi fanno soldi, i pidocchi fanno pidocchi" ?


    T
     
  8. I sold my lice?
     
  9. iuykcif

    iuykcif

    :)))

    that could also be a good start rule for trading futures !


    more or less literally, it would be: money generates money, lice generate lice.

    You have something similar ?


    T
     
  10. Egg flyed?
     
    #10     Oct 19, 2009