Ensigne Trading Tips Newsletter

Posted on July 18, 2005
Tags: General rant |

December 2002 Trading Tips Newsletter
# Trade with the Trend.
# Cut your losses short, and let your gains run.
# Trade the Chart, not the Money.
# Don’t chase the Market. Wait for a 2nd chance.
# Never buy because it seems too low. Never sell because it seems too high.
# Trade only symbols that have sufficient volume and liquidity.
# Never add to a losing position. Just get out and start over.
# When in doubt, get out, or stay out.
# Know where to exit a position before entering a trade.
# Never have an opinion about the market. Lose your opinion, not your money.
# Trade what you see, not what you believe.
# Think for yourself.
# Don’t borrow money to invest.
# Don’t trade tips.
# Focus on Trading, rather than on making Money.
# Avoid Impatience. You don’t always have to be in the market. Wait for good trade opportunities.
# Always place a stop.
# Follow your Rules.
# Never ‘Go for Broke’.
# Don’t get sloppy after successful trades.
# Control your losses.
# If you wouldn’t take the trade now, then don’t stay in a current trade. Get Out.
# Don’t trade without a plan.
# Lock-in profits.
# Move stops to a break-even (risk free) exit point as soon as possible.
# Focus on not-losing, more than winning.
# The trend is your friend.