Wednesday, May 11, 2016

Rules for Trading Success

Do as I say, not as I do :)

From Dr. Elder, Mark Deaton, Nial, etc..


  1. Good records = good traders. Track every trade - know why you entered, where on the chart, what your exit strategy was, etc..
  2. Don't be emotionally affected by any one trade - winner or l. Know that you can go on tilt and make bad trades in the immediate future.
  3. Control risk through position sizing - which demands you know your stop.
  4. Patience, observation and discipline are the cornerstones. Sometimes the best trade is no trade. In life, there may be no decision - you have to take a decision and make it right. That's not the case with trading - it's very easy to "make a decision" one way :)
  5. If you're always in the market - then you're gambling.
  6. Are you bottom fishing on this entry? Bottom fishing does not work.
  7. Remember HALT - no trade when you're hungry, angry, lonely or tired. Get your sleep.
  8. How long do you plan to hold this position? Long => gambling.


May you live long and prosper.

Saturday, May 07, 2016

Think about Henkel HEN3

P/E : 23
40B EUR mkt cap
Consolidating.
Why caught my attention? Purex was selling at Wal-Mart for 50% lower than competitors. Why? No clue. They're a Dial company and Dial is owned by Henkel. In America you have to put such info on there so people know who to sue.. :)