Why are there so many losers?
All investors (winners and losers) know the following rules:
1. Trade with a plan and stick to it.
2. Trade with the trend of individual issues; "The trend is your friend"
3. Let your profits run; cut your losses short.
4. Never let a good profit run into a loss.
5. Never add to a losing position.
6. Be Patient
7. Never Over-trade
8. When in doubt, get out!
9. Use Stop Loss orders whenever practical
10. Be just as willing to sell as you are to buy.
11. Never buy just because the price is low; Never sell just
because the price is high.
12. Never trade on a tip.
13. Always analyze your mistakes
The problem is that losers do not know how to carry these rules
religiously. Many investors are losers because they are having
problem to follow these rules.
Most investors are not willing to spend the time, money and effort
to learn the knowledge of stock trading. It is also true that it is very
difficult to find a good teacher or mentor.
Stock Trading is similar to golfing. Most amateur golfers are not
single handicap players. I had spent a lot of time to practice and
learn from the Pros. Just reading golf books and watching golf
videos will never make you a single handicap player. Once I master
the art of golf swing, it stays with me and I play consistent golf. Once
I master the art of stock trading, I trade successfully.
Warning
All investors (winners and losers) know the following rules:
1. Trade with a plan and stick to it.
2. Trade with the trend of individual issues; "The trend is your friend"
3. Let your profits run; cut your losses short.
4. Never let a good profit run into a loss.
5. Never add to a losing position.
6. Be Patient
7. Never Over-trade
8. When in doubt, get out!
9. Use Stop Loss orders whenever practical
10. Be just as willing to sell as you are to buy.
11. Never buy just because the price is low; Never sell just
because the price is high.
12. Never trade on a tip.
13. Always analyze your mistakes
The problem is that losers do not know how to carry these rules
religiously. Many investors are losers because they are having
problem to follow these rules.
Most investors are not willing to spend the time, money and effort
to learn the knowledge of stock trading. It is also true that it is very
difficult to find a good teacher or mentor.
Stock Trading is similar to golfing. Most amateur golfers are not
single handicap players. I had spent a lot of time to practice and
learn from the Pros. Just reading golf books and watching golf
videos will never make you a single handicap player. Once I master
the art of golf swing, it stays with me and I play consistent golf. Once
I master the art of stock trading, I trade successfully.
Warning
| Old books with old theory and old rules do not work anymore. Forget them all and learn a new system A nurse has no previous stock trading knowledge can learn my system quickly |
Trading Rules
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| BE Careful |
| Practice and learn from Pro |