The Pragmatic Capitalist summarizes the commandments. To see the Todd’s video, click here. – Ilene
THE 10 TRADING COMMANDMENTS
Courtesy of The Pragmatic Capitalist and Minyanville
Good stuff here from Minyanville’s Todd Harrison’s. His 10 trading commandments:
1.) Respect the price action but never defer to it.
2.) Discipline trumps conviction.
3.) Opportunities are made up easier than losses.
4.) Emotion is the enemy when trading.
5.) Zig when others zag.
6.) Adapt your style to the market.
7.) Maximize your reward relative to your risk.
8.) Perception is reality in the marketplace.
9.) When unsure, trade “in between.”
10.) Don’t let your bad trades turn into investments.
