At the beginning of my career as a trader, they helped me a lot. :
1. Forget about the news, remember only about the schedule. You are not that smart, to divine, how the news will affect prices. The schedule already contains information, what to expect from the news.
2. Buy on the first pullback from a new high. Sell on the first pullback from a new low. There will definitely be one, who will miss their chance.
3. Buy on support, sell on resistance. Everyone follows the same indicators, what are you, and are waiting for a good moment.
4. Take short positions on a fast rise. But not on mass sales. When the market goes down, short positions are profitable. Always be prepared to close them.
5. Do not buy or sell on moving averages. See paragraph 3.
6. Don't buy stocks with high upside potential, if you can't get out of them quickly. Follow the market, if he turns around, and you will not have time to sell shares in time, consider you unlucky.
7. Target open and close price gaps. Play against the break.
8. Trends test the point of recent support and resistance. Enter the market, even if something does not suit you.
9. Trade, following short term trends. You don't have to be a hero. Go with the flow, following short money.
10. Thinking about the market, forget, what were you taught at the institute, and trust the trader's intuition.
11. Sell at the second high, buy at the second low. After a sharp pullback, checking the high or low will surely stumble upon resistance. Expect a breakout on the third or fourth try.
12. trend – your friend in the last hour of trading. An hour before the close of trading with large volumes, the situation is unlikely to change.
13. Avoid bidding when you open. Do not rush to the keyboard when the market opens. You can get trapped.
14. 1-2-3-the fall. Expect a downtrend reversal after the top, two lower highs and a double bottom.
15. Bulls live above the 200-day moving average, bears below. Sellers won't let the price go up, if it is below this key moving average line. Buyers support the market above this indicator.
16. The price has a memory. What happened to the price, when she reached a certain level? Most likely this will happen again and again..
17. Activity decreases after trading on high volumes. A surge in trading volume leads to, as buyers, and sellers execute their orders and leave the market for a while.
18. Trends don't turn around quickly. Development is slow. At the first sharp drop, there are always buyers. And at the first sharp rise, there are always sellers.
19. The bottom forms more slowly, than the top. Greed works faster, than fear, stocks can gradually slowly sink under their own weight.
20. Beat the market – left the game. You have to take their money, before they take your.
