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Author Topic: Rules  (Read 3980 times)
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Dasein
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« on: February 10, 2012, 03:10:21 PM »

As I have been trying to gain as much knowledge on trading as possible, one of the pieces of advice I have heard time and time again is to have a set of rules and not to deviate from them. This is meant to keep emotion buying/selling to a minimum. Wondering if people have rules they follow to trade consistently--yes, buy low, sell high.

For instance, one of the very helpful strategies that Doc shared on another post of mine was to trade your account in thirds. This was very helpful. Others?
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sethpizzaboy
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« Reply #1 on: February 10, 2012, 03:20:55 PM »

thirds or quarters. Never go all in unless you know it will run. Dont ever hope it will reach a price. If your green sell. I learned my lesson long ago doing that by getting greedy and I ended in red. Take your profit. We are not investors. We are simply dipping our hands in the honey pot for a taste and moving on.
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Dr PennyStock
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« Reply #2 on: February 10, 2012, 04:04:28 PM »

As I have been trying to gain as much knowledge on trading as possible, one of the pieces of advice I have heard time and time again is to have a set of rules and not to deviate from them. This is meant to keep emotion buying/selling to a minimum. Wondering if people have rules they follow to trade consistently--yes, buy low, sell high.

For instance, one of the very helpful strategies that Doc shared on another post of mine was to trade your account in thirds. This was very helpful. Others?

Besides that one, I only have one rule that I follow, making as much money as possible Grin
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Dr PennyStock
Dasein
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« Reply #3 on: February 10, 2012, 05:58:32 PM »

Seth: thanks for that

Doc: I read somewhere else, real trading is an art, rules are for fools.
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Dr PennyStock
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« Reply #4 on: February 11, 2012, 08:46:40 AM »

Seth: thanks for that

Doc: I read somewhere else, real trading is an art, rules are for fools.

It's exactly my opinion, trading is an art.
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Dr PennyStock
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