The Top 100 Trading Rules । Part 2

in #bitcoin7 years ago (edited)

Hey Awsome people , how are you doing all !
and hope your trading is going well , Last few days ago i shared "The top Trading Rules . Part 1 " and now i'm going to share the part two .
Lets Enjoy guys .

PAUL TUDOR JONES


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  • Never play macho with the market and don’t over trade.
  • If I have positions going against me, I get out; if they are going for me, I keep them
  • Decrease your trading volume when you are trading poorly; increase your volume when you are trading well.
  • Never trade in situations you don’t have control. I don’t risk significant amounts of money in front of key reports, since that is gambling, not trading.
  • If you have a losing position that is making you uncomfortable, get out. Because you can always get back in.
  • Don’t be too concerned about where you got into a position. The only relevant question is whether you are bullish or bearish on the position that day.
  • The most important rule of trading is to play great defense, not offense.
  • Don’t be a hero. Don’t have an ego. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead.
  • Everything gets destroyed a hundred times faster than it is built up. It takes one day to tear down something that might have taken ten years to build.
  • Markets move sharply when they move. If there is a sudden range expansion in a market that has been trading narrowly, human nature is to try to fade that price move. When you get a range expansion, the market is sending you a very loud, clear signal that the market is getting ready to move in the direction of that expansion.
  • You always want to be with whatever the predominant trend is.
  • My metric for everything I look at is the 200-day moving average of closing prices. I’ve seen too many things go to zero, stocks and commodities. The whole trick in investing is: “How do I keep from losing everything?” If you use the 200-day moving average rule, then you get out. You play defense, and you get out.
  • At the end of the day, your job is to buy what goes up and to sell what goes down so really who gives a damn about PE’s?

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