Showing posts with label trading. Show all posts
Showing posts with label trading. Show all posts
Trend Trading Tips for Swing Trading and Day Traders
Trend trading using higher highs and higher lows can be devastating to your account. Here's a more accurate way to trend trade whether you are a day trader or you are swing trading.
Martin J. Pring's Trading Rules - Webinar
Rule 1: When in Doubt Stay Out
Rule 2: Never Invest or Trade Based on Hope
Rule 3: Act on Your Own Judgment or Else Absolutely and Entirely on the Judgment of Others
Rule 4: Buy Low (into weakness), Sell High (into strength)
Rule 5: Don't Overtrade
Rule 6: After a Successful and Profitable Trading Campaign, Take a Trading Vacation
Rule 7: Take a Periodic Mental Inventory to Check How You Are Doing
Rule 8: Constantly Analyze Your Mistakes
Rule 9: Don't Jump the Gun
Rule 10: Don';t Try to Call Every Market Turn
Rule 11: Never Enter into a Position Without First Establishing a Reward to Risk
Rule 12: Cut Losses Short, Let Profits Run
Rule 13: Place Numerous Bets on Low Risk Ideas
Rule 14: Look Down (at the risk potential) not Up (before your reward potential)
Rule 15: Never Trade or Invest More Than you Can Reasonably Afford
Rule 16: Don't Fight the Trend
Rule 17: Whenever Possible Trade Liquid Markets
Rule 18: Never Meet a Margin Call
Rule 19: If You are Going to Place Stop, Put it in a Logical, Not Convenient Place
How to Control Your Emotions When Trading
Learn why I think trading psychology is worth 95% to the overall success of your trading. Find out if you fall in the average trader category and why you make poor trading decision that is holding you back.
Discover how to overcome these pitfalls and improve your trading skills.
Are Traders PREPROGRAMMED TO FAIL?
Are traders preprogrammed to fail? What is it about trading that causes 90% of intelligent, rational people to fall to the wayside each year? Is there a common thread among us as human beings that derails our best efforts and intentions? In this video series, Senior Trader Todd Brown explores the psychological inner workings of traders and shines a spotlight on the obstacles between unsuccessful traders and their profit goals.
Trading Lessons - Five Fundamental Truths
Five Fundamental Truths
1. Anything can happen.
2. You don't need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge.
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique.
10 Golden Trading Rules
1. Have a Game Plan
2. Follow the Game Plan
3. Always trade with Stop Loss to protect your capital
4. Diversify to reduce your risk
5. Filter your trade to capture the Big Moves
6. Trade with the Trend
7. Not to listen to the news (many are planted by traders to affect the market). Listen only to the market.
8. Don't listen to your broker (they have interest in putting money into their own pocket)
9. Money Management
10. Must be Discipline (with your game plan, your stop and your profit taking).
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