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PeakTrader.com Economics, Portfolio Optimization, and Technical Analysis
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arthur Guest
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Posted: Sun Dec 18, 2005 12:29 pm Post subject: Rules of Trading (incomplete) |
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There are many successful trading rules. I've listed three, which I'll expand and add upon on a later date.
1) Waiting--When you wait for excellent opportunities, they'll eventually show up. The great trader Jesse Livermore stated "I made more money sitting than thinking."
2) Overtrading--Making too many trades will lead to lower returns, particularly in a low volatility market.
3) Strategies--Anticipate all the possibilities, i.e. benefits, consequences, and options, regarding your trading. |
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