Description
Book SynopsisTrading Rules that Work provides a blueprint for trading success by introducing readers to a set of rules that work for many styles of trading, risk tolerance, and emotional makeup. It details 28 positive rules for traders to follow and debunks numerous market aphorisms, such as buy low/sell high and dona t follow the crowd.
Table of ContentsAcknowledgments.
Introduction.
PART I Getting in the Game.
RULE #1 Know Your Game.
RULE #2 Have a Trading Plan.
RULE #3 Think in Terms of Probabilities.
RULE #4 Know Your Time Frame.
PART II Cutting Losses.
RULE #5 Define Your Risk.
RULE #6 Always Place a Protective Stop.
RULE #7 Your First Loss Is Your Best Loss.
RULE #8 Never Add to a Loser.
RULE #9 Don’t Overtrade.
PART III Letting Profits Run.
RULE #10 Keep Good Records and Review Them.
RULE #11 Add to Your Winners.
RULE #12 Use Multiple Time Frames.
RULE #13 Know Your Profit Objective.
RULE #14 Don’t Second-Guess Your Winners.
Part IV Trader Maxims.
RULE #15 Know the Limits of Your Analysis.
RULE #16 Trade with the Trend.
RULE #17 Use Effective Money Management.
RULE #18 Know Your Ratios.
RULE #19 Know When to Take a Break.
RULE #20 Don’t Trade the News.
RULE #21 Don’t Take Tips.
RULE #22 Withdraw Equity Regularly.
RULE #23 Be a Contrarian.
RULE #24 All Markets Are Bearish.
RULE #25 Buy/Sell 50% Retracements.
RULE #26 The Only Indicator You Need.
RULE #27 Study Winning Traders.
RULE #28 Be a Student of Yourself.
Conclusion.
Recommended Reading.
About the Author.
Index.
