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Old 05-12-2010, 07:00 AM   #1

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Please Share Your #1 Trading Rule You Adhere to with Discipline
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
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Old 05-12-2010, 09:31 AM   #2

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Re: Please Share Your #1 Trading Rule You Adhere to with Discipline
Do not trade Crude Oil from 10:15am-10:35am EST on Inventory days.

On the rare 11am Inventory days, adjust times appropriately.
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Old 05-12-2010, 10:57 AM   #3

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Re: Please Share Your #1 Trading Rule You Adhere to with Discipline
Quote:
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.
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Old 05-12-2010, 11:15 AM   #4

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Re: Please Share Your #1 Trading Rule You Adhere to with Discipline
Rule #1: Don't lose money.
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Old 05-12-2010, 07:31 PM   #5

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Re: Please Share Your #1 Trading Rule You Adhere to with Discipline
Quote:
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.
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Old 05-12-2010, 07:44 PM   #6

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Re: Please Share Your #1 Trading Rule You Adhere to with Discipline
#1 rule:

don't argue with the market
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Only an idiot would reply to a stupid post
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Old 05-12-2010, 08:02 PM   #7

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Re: Please Share Your #1 Trading Rule You Adhere to with Discipline
stick with the plan and trade whats displayed
ignore the urge to create before it too late
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Old 05-13-2010, 05:13 PM   #8

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Re: Please Share Your #1 Trading Rule You Adhere to with Discipline
No. 1 Trading Rule: Show up sober.
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