Trading and the Markets Thread, Please Share Your #1 Trading Rule You Adhere to with Discipline in Welcome to Traders Laboratory; Dear Fellow Traders
all of you by now must have a number one rule that has been ingrained in your ...  | | Please Share Your #1 Trading Rule You Adhere to with Discipline
05-12-2010, 07:00 AM
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| | Dear Fellow Traders
all of you by now must have a number one rule that has been ingrained in your DNA so that you do not lose money when you are red / green please do share that rule so all of us can benefit from your wisdom and experience
I will start
My number 1 Rule is
Never Trade before news ( I have been whipsawed several times and it hurts!)
I Wait for all the news to be baked in and let the markets show me the direction.
thanks | Re: Please Share Your #1 Trading Rule You Adhere to with Discipline
05-12-2010, 09:31 AM
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| | Do not trade Crude Oil from 10:15am-10:35am EST on Inventory days.
On the rare 11am Inventory days, adjust times appropriately. | Re: Please Share Your #1 Trading Rule You Adhere to with Discipline
05-12-2010, 10:57 AM
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macdfx
Rodger, meet my new friend: FINRA
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Originally Posted by brownsfan019  Do not trade Crude Oil from 10:15am-10:35am EST on Inventory days.
On the rare 11am Inventory days, adjust times appropriately. | You could say the same thing for Natural Gas (NG) on Thursdays too, IMHO. | Re: Please Share Your #1 Trading Rule You Adhere to with Discipline
05-12-2010, 11:15 AM
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| | Rule #1: Don't lose money. | Re: Please Share Your #1 Trading Rule You Adhere to with Discipline
05-12-2010, 07:31 PM
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Originally Posted by macdfx You could say the same thing for Natural Gas (NG) on Thursdays too, IMHO. | For sure! I don't trade Nat Gas so that rule doesn't apply to me, but a good rule for those trading Nat Gas. | Re: Please Share Your #1 Trading Rule You Adhere to with Discipline
05-12-2010, 07:44 PM
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| | #1 rule:
don't argue with the market
__________________
Don't expect anybody to treat you like a man while you are acting like a girl. | Re: Please Share Your #1 Trading Rule You Adhere to with Discipline
05-12-2010, 08:02 PM
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| | stick with the plan and trade whats displayed
ignore the urge to create before it too late  | Re: Please Share Your #1 Trading Rule You Adhere to with Discipline
05-13-2010, 05:13 PM
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srag&birdie2
Has some defect of charater
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| | No. 1 Trading Rule: Show up sober. | Re: Please Share Your #1 Trading Rule You Adhere to with Discipline
05-13-2010, 07:25 PM
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| | great practical wisdom thanks y'all | Re: Please Share Your #1 Trading Rule You Adhere to with Discipline
05-14-2010, 03:48 PM
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| | NEVER average down. You only learn this the hard way. | | |
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