the most important trading rule of all time

Discussion in 'Trading' started by megadon, Jul 30, 2006.

  1. megadon

    megadon

    the most important trading rule of all time....is


    never ever let a trading position break cost....ever...

    m
     
  2. Surdo

    Surdo

    So you are saying never average into a larger position?
    I bet you are a huge success!

    The most important trading rule of all time IMHO is :

    "NEVER listen to 95% of the dung posted on this site"!
     
  3. megadon

    megadon

    2nd most important rule when in doubt get out.....or see rule one...m
     
  4. rjv27

    rjv27

    Never frown average down...:D
     
  5. megadon

    megadon

    never averge down ever........sell it .....you can always buy it back cheeper.........dont throw good money after bad........m
     
  6. atozcom

    atozcom

    'There are only three rules on investing: first, never lose any money, second, never lose any money, and third, never lose any money.'
    Warren Buffet, Berkshire Hathaway

    Is this one rule or three rules?
     
  7. ....the first cut is the cheapest.
     
  8. megadon

    megadon

    no losses ...no losses ...no losses ....not even for 30 seconds on paper..................just refuse to lose........learn to get out faster than when you got in..........never let your position begin to hurt you.....m
     
  9. The 2nd mouse gets the cheese.
     
  10. ak15

    ak15

    What you are saying is your entry point is your stop loss point in any trade. You can't have a stop loss point below your entry point. Am I right in making this assumption in regards to your trading rule?
     
    #10     Jul 30, 2006