1.Never, Ever, Ever, Under Any Circumstance, Add to a Losing Position
2. Trade Like a Wizened Mercenary Soldier
3. Mental Capital Trumps Real Capital.
4.This is Not a Business of Buying Low and Selling High
5.In Bull Markets One Can Only Be Long
6.Markets Can Remain lllogical Far Longer Than You or I Can Remain Solvent
7.Buy Markets That Show the Greatest Strength; Sell Markets That Show the Greatest Weakness
8. Think Like a Fundamentalist; Trade Like a Simple Technician
9.Trading Runs in Cycles, Some Good, Most Bad
10. Keep Your Technical Systems Simple
11.In Trading / Investing, An Understanding of Mass Psychology is Often More Important Than an Understanding of Economics
12.Bear Market Corrections Are More Violent and Far Swifter Than Bull Market Corrections
13.Be Patient with Winning Trades; Be Enormously Impatient with Losing Trades
14.Do More of That Which is Working and Less of That Which is Not
15.All Rules Are Meant to be Broken... But only very, very infrequently
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Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.