Here you will find information and news about stock markets, online trading, investing, stock brokers. Great collection of tools for everyday trading, like real time stock quotes, interactive stock charts, options calculator, earnings calendar, market comments and suggetions for good reading material makes your trading day profitable!

Wednesday, June 29, 2005

Trading Rule #1

The Big Picture has a good post about error trades:
The first rule of trading is simply this: When you make a mistake, when you buy or sell ANYTHING by accident, you immediately unwind the position.

There are no ifs or buts. There is no after the trade consideration. (There's no crying in baseball). Do not justify or attempt to rationalize the position. You reverse the trade the very second you discover it.

Why? Because you own something you never planned to. You did not do the due diligence, the research, the stop loss planning, the carful contemplation.

Read further:
The Big Picture: Trading Rule #1


Anonymous PENNY STOCKS said...

My advise do not give up on a stock to easy.

12/03/2012 04:30:00 PM  
Anonymous Anonymous said...

Yes! Finally someone writes about access online streaming.
Also see my page :: old holborn yellow

12/08/2012 05:50:00 AM  
Anonymous Anonymous said...

I am not sure where you're getting your information, but great topic. I needs to spend some time learning much more or understanding more. Thanks for wonderful info I was looking for this info for my mission.
Here is my homepage : how to lose man boobs fast

1/06/2013 09:54:00 AM  
Anonymous Anonymous said...

I was recommended this web site by means of my cousin. I
am no longer sure whether this post is written by means of him as nobody else know such special approximately my trouble.
You are incredible! Thanks!
My site: rid acne scars

2/05/2013 02:40:00 AM  
Anonymous Dividend said...

The information and the aspect were just wonderful. I think that your viewpoint is deep, it’s just well thought out and truly incredible to see someone who knows how to put these thoughts so well. Good job!

3/18/2013 01:38:00 AM  

Post a Comment   (feel free to post relevant comments)

<< Home