Three Golden Trading Rules That Could Save You Thousands
Note: An update to this article was added to our library in 2019 – check it out here: 5 Trading Rules That Could Save You Thousands (2019 Edition).
Over the 12+ years that I have been trading, I have experienced enough trading trauma to create my own set of trading do’s and don’ts. At the very top of my list are these three very simple rules.
So simple, in fact, that all it takes is three simple slides. Check out the slideshow below:
Do not sell short when the daily chart is in an up-trend; do not initiate long trades when the daily chart is in a down-trend.
Take your favorite oscillator: only initiate long trades when the oscillator is “oversold”, and initiate short trades when it is “overbought”. (Note: this rule does not apply if you’re trading breakouts.)
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