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My Five Trading Rules

1. Always Obey Stops
Before placing a trade, have a clear stop loss. Always obey it. The worst trades happen when you don't honor stops.

2. Don't Be Greedy
In the market, anything can happen. Be happy to lock in and protect profits. Hit singles, not home runs.

3. Be Patient
Use your experience to enter trades only when you feel like you have the best shot at a profit.

4. Accept Losses
Losses are part of the game and should not be taken personally. Never dwell on taking a loss, never dwell on the past.

5. The Opening Bell Rule
Never enter a trade at the open. Let a trend emerge before trading.


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Stock Market Blog Archives


Expand All Months »

December 2008  (10)
Detailed Monthly Archive

  • 11: Trading Getting Better As Week Rolls On: +$295.79 (0)
  • 10: Good Trading Despite Lack Of Focus: +$380.91 (0)
  • 09: Closed My Overnight Hold & Did Errands: +$144.90 (0)
  • 08: Greed + Fatigue = Bad Trading Decisions: +$182.69 (0)
  • 05: The Week That Was: +$673.69 (0)
  • 05: Ending The Week Quickly And Positively: +$350.86 (0)
  • 04: Round And Round I Went On A Choppy Trading Day: +$338.34 (0)
  • 03: Patience And Discipline Being Rewarded: +$705.76 (0)
  • 02: Positivity Reigns Supreme: +$912.83 (2)
  • 01: Things That Make You Say Ugh: -$1634.10 (0)

November 2008  (2)
Detailed Monthly Archive

  • 29: Trading Tip: Know What You Are - Be What You Are! (0)
  • 28: December 1st, 2008 - I Will Return To Regular Posting (0)

March 2007  (5)
Detailed Monthly Archive

  • 25: Book Review: Trading For A Living By Dr. Alexander Elder (0)
  • 25: Book Review: Confessions of a Street Addict By Jim Cramer (0)
  • 24: Book Review: An American Hedge Fund (0)
  • 14: Book Review: The Tao Of Warren Buffett (0)
  • 03: Book Review: The Little Book That Beats The Market  (0)

February 2007  (1)
Detailed Monthly Archive

  • 03: Fast Money Eric Bolling Story (0)


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This blog reflects the opinions of its author(s). Posts do not constitute a recommendation to buy or sell a security. Information contained on this site may not be accurate. I may have open positions in the securities I mention. © Copyright 2006-2008 StockMarketBlog.com. All Rights Reserved.