NexusFi: Find Your Edge


Home Menu

 





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


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one Quick Summary with 1 posts (0 thanks)
    2. looks_two mattz with 1 posts (2 thanks)
    3. looks_3 lemons with 1 posts (1 thanks)
    4. looks_4 fourtiwinks with 1 posts (0 thanks)
      Best Posters
    1. looks_one rmejia with 3 thanks per post
    2. looks_two JonnyBoy with 2 thanks per post
    3. looks_3 mattz with 2 thanks per post
    4. looks_4 Everyman with 2 thanks per post
    1. trending_up 7,838 views
    2. thumb_up 14 thanks given
    3. group 15 followers
    1. forum 18 posts
    2. attach_file 0 attachments




 
Search this Thread

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

  #1 (permalink)
 
Everyman's Avatar
 Everyman 
New York New York
 
Experience: Beginner
Platform: TOS, Global Zen Trader
Trading: Futures
Posts: 2 since Nov 2014
Thanks Given: 2
Thanks Received: 1

Aside from the psychological aspects of trading what is your NUMBER ONE trading rule? For example I'm basically a beginner and mine at this point is always let the price come to you i.e. never chase it.
Thanks in advance and this is my first post.

Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Are there any eval firms that allow you to sink to your …
Traders Hideout
Better Renko Gaps
The Elite Circle
Futures True Range Report
The Elite Circle
NexusFi Journal Challenge - April 2024
Feedback and Announcements
 
  #3 (permalink)
 
JonnyBoy's Avatar
 JonnyBoy 
Montreal, Quebec
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
Posts: 1,561 since Apr 2012
Thanks Given: 706
Thanks Received: 3,854



Everyman View Post
Aside from the psychological aspects of trading what is your NUMBER ONE trading rule? For example I'm basically a beginner and mine at this point is always let the price come to you i.e. never chase it.
Thanks in advance and this is my first 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.

--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
Reply With Quote
Thanked by:
  #4 (permalink)
 
trendwaves's Avatar
 trendwaves 
Florida
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader 8
Trading: ES, NQ, CL
Posts: 703 since Dec 2012
Thanks Given: 2,898
Thanks Received: 2,525

Control Risk, no exceptions.

Be Patient and Trade Smart
Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #5 (permalink)
 Underexposed 
Calgary Alberta/Canada
 
Posts: 934 since Feb 2014

Never be satisfied with the state of your trading strategy. There are always improvements that can be made to make your trading decisions and money management better.

Reply With Quote
  #6 (permalink)
 fourtiwinks 
Singapore
 
Experience: Beginner
Posts: 206 since Jun 2011
Thanks Given: 526
Thanks Received: 201

Don't move my stop loss - I'm still working on it..

Reply With Quote
  #7 (permalink)
 
lemons's Avatar
 lemons 
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
Posts: 959 since Nov 2010

Let the market tell you what to do = market is always right.

Reply With Quote
  #8 (permalink)
 
furytrader's Avatar
 furytrader 
Lake Forest, IL USA
 
Experience: Intermediate
Platform: MultiCharts + CTS T4
Broker: Advantage Futures, IQFeed.net
Trading: YM, ES, EU, US, S
Posts: 153 since Jun 2011
Thanks Given: 109
Thanks Received: 147

Don't dig a whole so big, you can't get out.

Reply With Quote
Thanked by:
  #9 (permalink)
 
rmejia's Avatar
 rmejia 
Puerto Rico
 
Experience: Intermediate
Platform: thinkorswim
Broker: TD Ameritrade
Trading: Options
Posts: 379 since Oct 2010
Thanks Given: 3,614
Thanks Received: 441

1. Patience

Reply With Quote
  #10 (permalink)
mc3273
dallas< tx
 
Posts: 5 since Oct 2014
Thanks Given: 1
Thanks Received: 3


Never move your stops, this seems to be the hardest one for me.

Reply With Quote




Last Updated on December 16, 2014


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts