The
10 Commandments of Trading
My Top 10 Rules are not a "Get Rich Quick" scheme.
They are a set of guiding principles that will help you learn how
to save, invest, prosper and to achieve your financial goals. I can
not guarantee that they will make you a millionaire overnight but
they will certainly help you to get started. Over time you will quickly
see the benefits of these rules and your financial prosperity will
grow... SIGNIFICANTLY !!!
The principles
used in my Top 10 Rules apply anywhere in the world for anyone that
is eager to achieve financial independence and that wants to make
good, honest money... a lot of good, honest money !!!
So
if you want to win, understand these rules.
1) You cannot predict the future. Stop believing
it and stop wasting your time trying to do it. No-one ever has nor
ever will be able to "predict" what is going to happen
in the future. Runaway markets tend to keep running away. Cheap
stocks seem to get much cheaper and expensive stocks more often
than not, get much more expensive. do not even bother trying to
justify a market simply let it do what it wants to.
2)
The big money is made from position sizing. You
really must stop chasing a holy Grail and spend time on different
position sizing rules. This is the one "secret" that separates
a professional from the man in the street. To
discover my money management secrets click here.
3)
Price is all that matters. Stocks do not follow
fundamentals. It's all about "perceptions." Why can two
identical stocks have completely different fortunes in the market?
4)
Stop thinking like an institution. The big money
management funds are not interested in outperforming the stock market.
as strange as it seems they are interested in managing money. So
when they tell you to "diversify", only invest in blue
Chip stocks with a solid past earnings, great management teams,
solid this and that.... treat it for the non-sense it is. Unless
you want poor returns.
5)
99% of technical analysis is junk. Whole companies have
been set up to feed you B*S in the form of technical analysis. Throw
it away and get down to basics.
6)
Question everything and everyone. Even me. Never
blindly believe anything you read or hear about. Be careful about
what you read and even more careful about what you believe in. after
all an opinion is only some-ones belief.
7)
If you have to ask you shouldn't be in. I can't
believe people actually ask other people whether they should hold
or sell a stock position they are in. Surely before you enter you
have your exits all in place. I'll guarantee if you are asking this
question you are not making money.
8)
I am in the stock market to make money not to win a puzzle.
No-one can beat the market. Make a fortune in a bull market play
defensive in a bear market. Returns of 300%+ should be easily attainable
in the right conditions but do not give it back when the market
conditions change.
9)
Some people are just not cut out to trade the stock market.
If you attach too much importance to your trading account i.e you
are trading "scared money" you will never have the conviction
to follow your rules. If you are not having success stop trading.
either learn why you are failing or give your money to someone who
is.
10)
Trading the stock market isn't everything. It's
only money. there are much more important things in life & you'd
better not forget it.
These commandments aren't rocket science... however if you follow
them you will be very successful, no matter what market you trade.
If you'd like to discover more... Click
here to discover my personal "Trading Secrets Revealed"
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