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Garden City Ks | Am I the only one who sometimes wonders if the so called "trading rules" were conceived so traders could take money from suckers like me? Examples
1 Always use stops. How many times have you been stopped out and then it turns around?i just a short spike to get your stop.
2.Never average a loss. I can see why but sometimes looking at the chart and your trusting your instincts could dig you out of a hole.
There are other rules you can find but if I were to tell the masses how to trade and then take the opposite position I'd be a big time trader also. I haven't traded much since 2007. But the best trades I made were conceived by me and were when I trusted my instincts. If I traded on a rec from a broker or some guy on the radio it was usually a disaster! Lol
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The rules of trading?
