Trading Rules that Work: The 28 Essential Lessons Every Trader Must Master

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.