Sunday, February 3, 2013

4 advanced rules for trading success post HMP

post HMP (Honey Moon Period)* only those traders can make it big in stock trading 
1. who can ruthlessly stick to a closed-ended system (with well defined & fixed entry and exit points which don't change at the dictats of markets or emotional states). constantly improving that system is, however, allowed.
2. who can play with "sufficiently" small amount (e.g. a billionaire can play with a million dollars)
3. who are in no hurry to come in the 'top ten wealthiest persons in the town' list
4. have the head and nerves for compounding principle without violating the above three rules. 

* unlike normal life, HMP in trading can last long.....real long.......sometimes forever!