Trading Rules? Do you use them?

Discussion in 'Trading' started by erik123, Dec 24, 2006.

Do you use trading rules?

  1. Yes all the time.

    16 vote(s)
  2. No never

    0 vote(s)
  3. Sometimes

    6 vote(s)
  1. erik123


    Reading a lot of books lately on trading, and I sometimes get the feeling its "do as I say not as I do".

    Especially when it comes to news trading, and other types of trades that are quick.
  2. galiano


    Too general; which rules are you referring too?

    1) Entry rules
    2) Exit rules
    3) Money managment rules
    4) Scheduled news reports/earnings/speeches/etc) rules
    5) Event (terrorism/earthquakes/assassinations/etc) rules
    6) Personal state-of-mind (hangover/sickness/death of family member/etc) rules

    For me, state-of-mind, money management, and news rules are ALWAYS. Entry and event rules are MOST OF THE TIME. Exit rules are SOMETIMES.

    Happy Holidays.