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Aside from psychological aspects of trading what is your #1 trading rule?
Started:December 8th, 2014 (02:19 PM) by Everyman Views / Replies:1,455 / 18
Last Reply:December 16th, 2014 (12:00 PM) Attachments:0

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Aside from psychological aspects of trading what is your #1 trading rule?

Old December 10th, 2014, 02:29 PM   #11 (permalink)
Elite Member
new york
Futures Experience: Intermediate
Platform: Ninja
Favorite Futures: stocks
Posts: 2 since Aug 2013
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Hold my stop loss.Not always easy

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Old December 10th, 2014, 03:11 PM   #12 (permalink)
Elite Member
San Francisco, CA, USA
Futures Experience: Intermediate
Platform: TD Ameritrade, NinjaTrader, TradeStation
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES, CL, 6E
Broman's Avatar
Posts: 9 since Aug 2014
Thanks: 6 given, 5 received

#1 - Trade my plan, not what I think.

#1.5 - It's ok to loose if I've traded according to my plan.

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Old December 10th, 2014, 04:39 PM   #13 (permalink)
Elite Member
Portland, OR
Futures Experience: Advanced
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Broker/Data: TD Ameritrade
Favorite Futures: Metal, Energy and Index Futures
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rmejia View Post
1. Patience


Strategy ≥ Money
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Old December 10th, 2014, 05:56 PM   #14 (permalink)
Elite Member
Hanover, Germany
Futures Experience: None
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The trend is indeed your friend - the only one in the markets, probably. So better be loyal

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Old December 10th, 2014, 05:58 PM   #15 (permalink)
Elite Member
Futures Experience: Intermediate
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Posts: 527 since Aug 2010
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Futures Edge on FIO
Keep losses small - Period!

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Old December 10th, 2014, 06:39 PM   #16 (permalink)
Market Wizard
Austin, TX
Futures Experience: Intermediate
Platform: Open E Cry / Ninja Trader
Favorite Futures: NQ, ES, SPY, QQQ
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JonnyBoy View Post
My number 1 trading rule is knowing when to stop trading. This used to be at the bottom of my trading rules, now it is at the top as a sticky.

Same here. Know when you are wrong in a trade or on the day and get gone as quickly as possible.

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Old December 11th, 2014, 12:26 AM   #17 (permalink)
Market Wizard
Boca Raton
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
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Avoid Randomness.

Gut feel is random, if you say "seems like" it's random
All trades must be based on a method, not "its too high" or "it's way to low"
A lagging moving average is more accurate than your intuition.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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Old December 12th, 2014, 03:39 PM   #18 (permalink)
Trading Apprentice
Dusseldorf Germany
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: CQG
Favorite Futures: NG, TF, CL
Posts: 9 since Jan 2013
Thanks: 1 given, 11 received

Patience and only enter the trade when I know where price is heading i.e. when the profit target is in clear view. And that must be at least 20-50 ticks on TF, CL or NG. The StopLoss then runs between 10-15 ticks.

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Old December 16th, 2014, 12:00 PM   #19 (permalink)
Elite Member
Prince George BC Canada
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
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Posts: 570 since May 2013
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Have a written trading plan and follow it.

When I follow my Plan I achieve everything mention in this thread so far.

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
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