Dr. Fly Mon Jan 28, 2008 1:30pm EST 2 Comments
© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy
I like Dennis for some reason. Maybe cause he is big on tech.
Trading rules:
1.) Don’t lose money
2.) Pick a proven strategy and stick with it.
3.) Focus on preservation of capital, especially when the market is being “difficult”.
4.) Cut losses quickly. Honor your stops.
5.) Read rule #1 at the beginning and end of each day.
6.) Focus on capital appreciation when the market is trending.
7.) Don’t have more that 10% of your assets invested in any one stock position, unless you are an insider intimately familiar with the company.
8.) If a stock is dropping and you are looking to go long, or if it is rising and you are looking to short, let the chart action confirm your thinking before you pull the trigger.
9.) Use position sizing when buying long or shorting. If your hard dollar stop loss is $1,000, and your stop price is $2.50 below (above on shorting), you should buy (or short) no more than 400 shares.
10.) Don’t agonize about “coulda, woulda, shoulda”.