Post Your Rules

This is a discussion on Post Your Rules within the Psychology, Risk & Money Management forums, part of the Methods category; I'm interested to hear your trading/risk managemnt rules. I'll start with a few of mine over the years: 1. Each ...

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Old Dec 4, 2016, 1:10pm   #1
Joined Oct 2016
Post Your Rules

I'm interested to hear your trading/risk managemnt rules. I'll start with a few of mine over the years:

1. Each new position has to have a defined stop and a target before it is taken
2. Max risk per security is x% of capital (capital excludes open p&l)
3. Maximum number of trades is x per y
4. Don't enter new positions when travelling
5. Don't add to losing positions
6. Don't take home a losing position on a Friday

I'm sure you guys have many more interesting rules to add. Perhaps we'll end up with a comprehensive list by the end?!

Cheers,

TBC
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Old Dec 4, 2016, 1:57pm   #2
 
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I think ive had most of those rules at one point or another, 2,4,5,6 in the last 3-5
years. Bit different now tho

1) Never use stop or market orders.
2) Always buy on the down tick and sell on the uptick, for positioning / taking profit or loss.
3) Always consider my whole account at risk at any time.
4) Never use physical or mental stops.
5) Always know that I know nothing re direction, no forecasting.
6) Always know my 'worse case scenario at a price' and my bust out point.
7) Never be a puker
8) Always aim my efforts at outcomes that favour me.
9) Always scale in (add to losers).
10) Long only in anything priced in money (this is new so see how long it lasts )
11) Always take the time to find appropriate GIFS for nero1's posts.

Am sure theres more
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Old Dec 4, 2016, 2:17pm   #3
tar
 
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1- Have an entry point - beforehand - .

2- Have an exit plan - beforehand - .

3- Dont risk alot per trade/group of trades .

4- No martingale .

5- Compound profits .
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Old Dec 4, 2016, 3:35pm   #4
Joined Jul 2008
1) no research no trade.
2) ignore technicals
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Old Dec 4, 2016, 6:28pm   #5
Joined Apr 2012
Don't drink and trade!
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Old Dec 6, 2016, 11:53am   #6
Joined Nov 2014
Do not place a trade while you are making love.
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Old Dec 6, 2016, 3:04pm   #7
 
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Joined Sep 2014

THE RULES
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Old Dec 6, 2016, 3:08pm   #8
 
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Joined Nov 2006
Quote:
Originally Posted by Fugazsy View Post
Do not place a trade while you are making love.

You could sneak one in whilst her back is turned

Just thought, if one is a lady trader then this maybe rather difficult to do unless he is blind folded
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Old Mar 14, 2017, 8:50pm   #9
Joined Jan 2017
My rules that I always practice ..

1. Do not invest more money than you can afford to lose and never borrow to access this market.

2. Limit and mitigate the risk in each investment and keep the head above all by high leverage in search of greater profits. Profits of 3% to 8% per month is more than enough.

3. Only invest in managed accounts and commercial experts. Do not invest on your own, especially if you do not have the time or knowledge to analyze the market and make the right decisions, or do not have adequate software and financial indicators, which are fast, assertive and efficient.

4. Always diversify the capital investment by distributing the different accounts, but do so intelligently and through accredited merchants and intermediaries.
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