Saturday, October 30, 2010

10 laws of effective trading

Law 1 : Trade less

= saves you from 80% of the losses

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Law 2 : Use method

= protects you from 80% of the mistakes

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Law 3 : Wait now to avoid waiting later

= saves from entering wrong trades 80% of the time

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Law 4 : Learn more

= saves you from 80% of the mistakes caused by ignorance

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Law 5 : Trade is complex but trading is simple

= simple but sound approach saves you from complex traps

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Law 6 : Feel the trade to sense the result

= protects you from the traps logic can't foresee

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Law 7 : Emotions which calm you are good, emotions which excite you are dangerous

= this single fact can protect you from 80% mistakes caused by trading hysteria

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Law 8 : Accept today, Trust tomorrow

= saves you from quitting when you must not!

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Law 9 : Respect the difficult situation

= saves you from picking the wrong fights

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Law 10 : Just behind the obvious is the reality

= the favorite hiding spot of the market's true intentions!

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