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发表于 2010-3-13 10:32 PM
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What I've learnt is DON'T COUNTER-TREND, DON'T BET THE REVERSAL, DON'T TRADE BASED ON OVERBO ...
yaobooyao 发表于 2010-3-13 00:54 
Very good!
Here is mine,
1. Trade with the trend until it ends. Only take profit for connter-trend.
2. Again, before the trend line broken and new trend line formed, not trade based on gussing of the trend changing. Even after trend line broken, there might be pull back, or consolidation, and old trend line might resume. Remember, only 20% of the time, the market is clearly trending.
2. Read the price bar action frist, and take all kinds of indicators as references only. I use the indicators less and less. I have two indictors in my major charts, such as Volume & one moving average. Don't trade based on indicators, which misleading you lot. All of those things are 50 & 50.
3. Currently, the market is still a up trend. It maybe topped, or starting consolidation, or down next day. But before it happen, don't bet. In other words, trade on the right, not the left.
4. Before you loaded, you should think about the risk level (or total $ amount) you can take, the stop loss price you must set. Plan the worse case rather than the dreaming of gain.
5. After you position filled, add the stop loss oder quickly, no excuse!
6. When the first target touched, take half profit off the table, and keep rest free run, but at least make even.
7. Write the trade notes every day. Do review and study of your notes. Do statitcis study of your trade.
8. You are alway the student of the market. Never, ever thinking about you are a smart than market. Trading is not an easy game. Actually, the most difficult game in the world.
9. Review your error, and leran from them.
10. Cut your loss quick, and be happy to cut loss. This is a must-have part of your trade.
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