Skip to main content

Posts

Showing posts from January, 2012

PERSONAL BELIEFS: TRADING RULES I DEVELOPED THROUGH MY OWN EXPERIENCE

To offer only positive or negative responses to common trading maxims without devoting my own personal convictions would be unfair. My own personal trading beliefs reflect the flexibility that I feel has contributed to my success in over 24 years of trading. And although on the surface they appear to be quite simple, they are principles that nonetheless have stood the test of time over two decades of changing markets. The difficulty is not in their concept, but in the discipline required to implement them properly: 1. START SLOWLY Why do beginners rush in where experts fear to trade? Maybe it’s because novices don’t know the dangers awaiting the unwary. There’s absolutely no rush. The markets will be there tomorrow. Just be sure you are there to trade them and in the proper frame of mind. The rewards of successful trading do not come easily. There’s a price you must pay. There are skills you must develop. That’s why you must be patient and allow yourself some time. 2. LEARN FROM YO