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Last Post: 10/6/2015 1:11:56 PM - Followers: 185 - Board type: Free - Posts Today: 0


20 GOLDEN RULES FOR TRADERS

Want to trade successfully? Just choose the good positions and avoid the bad ones. Poor trade selection takes a heavy toll as it bleeds your confidence and wallet. You face many crossroads during each market day. Without a system of discipline for your decision-making, impulse and emotion will undermine skills as you chase the wrong stocks at the worst times.

Many short-term players view trading as a form of gambling. Without planning or discipline, they throw money at the market. The occasional big score reinforces this easy money attitude but sets them up for ultimate failure. Without defensive rules, insiders easily feed off these losers and send them off to other hobbies.

Technical Analysis teaches traders to execute positions based on numbers, time and volume.This discipline forces traders todistance themselves from reckless gambling behavior. Through detached execution and solid risk management, short-term trading finally "works".

Markets echo similar patterns over and over again. The science of trend allows you to build systematic rules to play these repeating formations and avoid the chase:


1. Forget the news, remember the chart. You're not smart enough to know how news will affect price. The chart already knows the news is coming.

2. Buy the first pullback from a new high. Sell the first pullback from a new low. There's always a crowd that missed the first boat.

3. Buy at support, sell at resistance. Everyone sees the same thing and they're all just waiting to jump in the pool.

4. Short rallies not selloffs. When markets drop, shorts finally turn a profit and get ready to cover.

5. Don't buy up into a major moving average or sell down into one. See #3.

6. Don't chase momentum if you can't find the exit. Assume the market will reverse the minute you get in. If it's a long way to the door, you're in big trouble.

7. Exhaustion gaps get filled. Breakaway and continuation gaps don't. The old traders' wisdom is a lie. Trade in the direction of gap support whenever you can.

8. Trends test the point of last support/resistance. Enter here even if it hurts.

9. Trade with the TICK not against it. Don't be a hero. Go with the money flow.

10. If you have to look, it isn't there. Forget your college degree and trust your instincts.

11. Sell the second high, buy the second low. After sharp pullbacks, the first test of any high or low always runs into resistance. Look for the break on the third or
fourth try.

12. The trend is your friend in the last hour. As volume cranks up at 3:00pm don't expect anyone to change the channel.

13. Avoid the open. They see YOU coming sucker.

14. 1-2-3-Drop-Up. Look for downtrends to reverse after a top, two lower highs and a double bottom.

15. Bulls live above the 200 day, bears live below. Sellers
eat up rallies below this key moving average line and buyers to come to the rescue above it.

16. Price has memory. What did price do the last time it hit a certain level? Chances are it will do it again.

17. Big volume kills moves. Climax blow-offs take both buyers and sellers out of the market and lead to sideways action.

18. Trends never turn on a dime. Reversals build slowly. The first sharp dip always finds buyers and the first sharp rise always finds sellers.

19. Bottoms take longer to form than tops. Fear acts more quickly than greed and causes stocks to drop from their own weight.

20. Beat the crowd in and out the door. You have to take their money before they take yours, period.

-Author Unknown





We...the moderators of this board...are not registered investment advisor or broker/dealer. Readers are advised that the material contained herein should be used solely for informational purposes. We do not purport to tell or suggest which investment securities readers should buy or sell for themselves. Please do your own research and due diligence.

You can make a BOAT LOAD of money real quick in these markets, but you can LOSE it all just as FAST. You've been advised. Now let's make a bunch of CA$H!

PostSubject
#35781   So glad to hear the update! vantillian 10/06/15 01:11:56 PM
#35780   Hello Vant!! I dont have premium membership any AUdad 10/06/15 01:08:36 PM
#35779   $CGRW, $IDGC, $DSCR, $MEDT: KET Why Legalizing Weed MaxPowerLove$Ihub 01/08/15 10:54:03 AM
#35778   $IDGC: ID Global Corporation Provides an Investment Portfolio Update MaxPowerLove$Ihub 11/25/14 10:19:07 AM
#35777   $MEDT, $DSCR, $IDGC: Amazing Health Benefits of The MaxPowerLove$Ihub 10/10/14 10:58:54 AM
#35776   $QEDN is working with its registered agent, Corporate RowingDude 06/08/14 11:40:40 PM
#35775   $QEDN is working with its registered agent, Corporate RowingDude 06/08/14 11:19:22 PM
#35774   $AMMG 20 - 50 Day MACD Oscillator RowingDude 05/20/14 10:32:30 PM
#35772   Scorpex, Inc. (SRPX) Receives Federal Use of Soil Permit QualityStocks 08/17/11 04:28:08 PM
#35771   Wow!!! POST OF THE FREAKIN' YEAR BRO. Amen! vantillian 08/14/11 09:35:10 PM
#35770   Hey Vant, Cash decided a couple years ago AUdad 08/14/11 09:34:36 PM
#35769   this used to be a solid board! vantillian 08/07/11 09:04:47 PM
#35768   eDoorways International Corp. (EDWY.PK) Offering The Latest Example QualityStocks 11/11/10 08:40:41 AM
#35767   Last time I spoke with him he was daiello 10/04/10 05:04:42 PM
#35766   What ever happened to CA$H???? Stock Stallion 10/04/10 04:51:52 PM
#35765   Hey big guy. Happy happy greggor62 12/19/09 09:15:35 AM
#35764   Happy Turkey day Cowboy. Hows that new Kitchen greggor62 11/23/09 07:33:24 AM
#35763   Solar Energy Initiatives, Inc. (SNRY.OB) is “One to Watch” QualityStocks 11/04/09 02:31:51 PM
#35762   Hey there. How goes it? Stick your head greggor62 10/13/09 03:00:31 PM
#35761   Bought a few! 25 million OS joey13 10/01/09 02:07:15 PM
#35760   BLLN and this one is a monster Thirsty Tiger 09/17/09 11:19:34 PM
#35759   PTSC Doing not too bad now Thirsty Tiger 09/17/09 11:18:02 PM
#35758   EVRM do some DD, this could be the dreaminofsailin 09/17/09 12:09:21 PM
#35757   CGUD getem while they are cheap .03 GOLDMAN007 08/28/09 01:40:55 PM
#35756   ~!~BHWF~!~====>.OOO9zZz ON FYAHHHH>>>###ADD SUM MO' BEERRR!!!!!!!!:))))))))WEEEEEEE!!!! BIG BALLER 08/20/09 10:52:14 AM
#35755   Hope your still holding GFG. If so, you greggor62 08/13/09 07:56:25 AM
#35754   My friend I need you to watch this .. Ranzy MD 08/05/09 09:16:32 PM
#35753   Consorteum Holdings, Inc. (CSRH.OB) Launches My Golf Rewards QualityStocks 07/21/09 01:34:40 PM
#35752   TRTN DD Summary: Zardiw 07/15/09 09:26:20 AM
#35751   Nice little piece of history you got. greggor62 07/09/09 07:46:53 AM
#35750   ____BANI____.OO24zZz HITTING READY TA R&RRRRRRRRR!!!!:-) BIG BALLER 07/08/09 03:32:42 PM
#35749   Re: your PS...... ahahahahahahahahahahahahaha was CA$H 07/08/09 10:47:06 AM
#35748   LoL.....not anytime soon, BUT a little history about was CA$H 07/08/09 10:43:50 AM
#35747   Its going well man....lots of little clean ups was CA$H 07/08/09 10:28:53 AM
#35746   Hey Ca$h, When is 38 Special playing at greggor62 07/08/09 08:01:02 AM
#35745   Morning Tiny, How's the bar scene? couple greggor62 07/03/09 09:13:22 AM
#35744   Hey Cash hows it going. I am Dollar Bill 07/01/09 04:58:23 PM
#35743   **ALERT** VGPR .008x.009 403k vol!! Runner right here, stocksurgeon 07/01/09 01:10:24 PM
#35742   SYNJ on the move this morning with news. investorguy 07/01/09 10:25:08 AM
#35741   BUST OUT!!! I DID!!!! GO YOLO!!!! Stockfire409 06/29/09 11:08:11 PM
#35740   Thanks:-) buyittradeit 06/29/09 01:32:03 PM
#35739   NXCO CONFERENCE CALL: Tuesday June 30th 11AM EST was CA$H 06/29/09 01:20:22 PM
#35738   Thanks AUdad ;) and I'll take a look was CA$H 06/29/09 01:17:47 PM
#35737   Yep, as of a week ago today....live country was CA$H 06/29/09 01:16:03 PM
#35736   NPWS....you got my attention greggor....I'll take a look....thanks ;) was CA$H 06/29/09 01:13:27 PM
#35735   Hey CA$H, Good luck with your new venture.. AUdad 06/29/09 11:38:12 AM
#35734   You have a bar now? buyittradeit 06/29/09 10:21:00 AM
#35733   Wow, good for you. I hope it works greggor62 06/28/09 11:25:08 PM
#35732   I just bought a bar/restaurant a little while was CA$H 06/28/09 11:05:15 PM
#35731   BWI Holdings, Inc. (BWIH.OB) Renews Contract with Hopewell QualityStocks 06/27/09 02:23:42 PM
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