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What Are Your Golden Rules?

ScottyCarsonMVP
Apr 23 2019 at 08:11
54 postów
Atchris posted:
1. test fresh strategies on demo
2. trade with stop loss
3.never follow the crowd blindly.


Good rules these

ScottyCarsonMVP
Apr 23 2019 at 08:12
54 postów
FMovingAverage posted:
Atchris posted:
1. test fresh strategies on demo
2. trade with stop loss
3.never follow the crowd blindly.


The last point is so important! So many (beginners especially) want to know every little detail of other people's successful trades.


Exactly!!!!

ScottyCarsonMVP
Apr 23 2019 at 08:12
54 postów
Wreeves posted:
1 - Don't revenge trade.
2- Proper risk management
3- Test new strategies for 1month and if fails then move on to the next one


Great rules here also!!!

LongVision
Apr 24 2019 at 06:55
254 postów
ScottyCarsonMVP posted:
Wreeves posted:
1 - Don't revenge trade.
2- Proper risk management
3- Test new strategies for 1month and if fails then move on to the next one


Great rules here also!!!


I agree with point1 & 2 but 1 month is very short period to reject a strategy if strategy is profitable over long period(say 10years) of backtesting.

The market will trade through it’s path of least resistance .
wolfmancreek
Apr 24 2019 at 07:06
6 postów
My number one golden rule is Money Management. Never bet more than what I can afford to lose.

AccountManager (Hedgefunderpro)
Apr 25 2019 at 10:00
24 postów
Dont be greedy, take loss when needed

ScottyCarsonMVP
Apr 28 2019 at 11:13
54 postów
LongVision posted:
ScottyCarsonMVP posted:
Wreeves posted:
1 - Don't revenge trade.
2- Proper risk management
3- Test new strategies for 1month and if fails then move on to the next one


Great rules here also!!!


I agree with point1 & 2 but 1 month is very short period to reject a strategy if strategy is profitable over long period(say 10years) of backtesting.


What timescale what you recommend instead? Or can this not be answered?

ScottyCarsonMVP
Apr 28 2019 at 11:13
54 postów
wolfmancreek posted:
My number one golden rule is Money Management. Never bet more than what I can afford to lose.


Classic rule!

ScottyCarsonMVP
Apr 28 2019 at 11:13
54 postów
Hedgefunderpro posted:
Dont be greedy, take loss when needed


Thank you

harnick
Apr 30 2019 at 08:26
9 postów
Atchris posted:
1. test fresh strategies on demo
2. trade with stop loss
3.never follow the crowd blindly.

great rules man! i follow somewhat the same

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