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Ten commendments -- actually, 6 :)

(2007-08-24 13:19:57) 下一个

1. Thou shalt watch more, trad less
      watch the market (dia, spy, qqqq, mdy, smh, iwm, iwn and VIX)
      watch the stocks

2. Thou shalt anticipate tomorrow's move NOT !   -- based on today's information.

3. Thou shalt buy when the stock is down towards to your buying point (MA(50), MA(20), lower BB)..  instead wait for one/two days to see if it is bounce back.  take market condition into your consideration


4. Thou shalt sell quickly -- by feeling, and buy slowly -- by rationning.

5. Thou shalt spend time reserach, memorize the objects that is being traded.

6. Thou shal have a strategy for each action taking
      market up/down.
      exit strategy (gain, small loss, big loss)

7. If answer A is not right, then, the opposite of A must be right. In this business, the friends turn into enenmy in no time.  Think diagonally and quickly.


Plus other things that you have already had that works :)
    With the strong
    Against weak
    Watch your back  
       ---  A Priate's life    

     

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