My lessons from trading

– the trend is your FRIEND! Don’t go against it until you see a base!

-cut your losses at 10% max or else you’ll lose your account twice like you did in 2015

– don’t fight the fed and monetary policy, shorting during QE is a bad idea

– when your pattern setups no longer work, it means the market is getting choppy and trend less. Don’t try to go for those setups anymore. Or reverse them for small gains (2015)

– commodity cycles can last MUCH MUCH longer than you think, they can beat you up and when you think there’s enough blood in the streets to get back in, it can beat you up again (coal)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s