Richard Rod's Trading Rules

Old rules…but very good rules.. They, who needs to keep an eye on the stochastic complex all the time, linear weighted moving averages, anti-aliasing methods, Fibonacci numbers, etc., usually notice, that they have so much data in front of their eyes, that they cannot make a rational decision. One technique says – Buy, the other says – Sell. One method recommends closing the trade, while the other calls for adding to the trade. It looks like a stamp, but simple methods work best.. Let's start.. 1. The first and most important rule – in a bull market, everyone, as supposed, is in a long position. This may sound trivial., but how many of us sold after the first rally in a bull market, deciding, that the market has taken off too far and too fast. It was like this before, and I suspect, that this will continue to be the case in the future. In this way, we do not make profit, which should have accumulated, but in fact we are losing money, being in short. You can be in a bull market or in a long position, or outside the game. Remember, lack of position – this is also a position.

How to become a successful trader ?

When things are going well for you, You feel great. But, when the black streak comes, Your life can turn into a nightmare. You can make money for weeks and lose everything in a few minutes. This situation repeats itself over and over, traders of all generations met with her. Therefore, everyone should be aware of this possibility and be ready to turn the game around.. Rational observation and logical reasoning will allow you to find answers to the necessary questions.. In this article, we intend to consider just one question.: “How a successful trader differs from a loser?”. The following 11 observations help me stay on track. You can group these observations into a table and use it as a measure of a trader's success.. Observation № 1 The largest number of losers are in the intraday or short-term trader group. The reason for this is not even in a tight time frame., and in that, that many of these traders lack good preparation and a thoughtful game plan. This type of trading does not forgive even minute mistakes., manipulations in it are the most risky, while losses, due to lack of knowledge and training, increase many times. Besides, these traders very often do not have sufficient capital. Lucky traders, mostly, trade in medium and long term time ranges.

Black Wednesday, Canceled !!!!

Yesterday was a fucking day, worst day with a fixed minus of all time. I am lost on OPG 1/3 total earned in a month . Sent a sell to open 16 Ritz shares, I also wanted finances, but it's good that canceled them. In the beginning everything went according to plan, gave money and shares in turn, but then came fucked, DLR opened and it flew up like a rocket on 2$ and everything behind him is the same, I didn't even have time to cover myself. Wing on 25% from the position I thought at least some downtik would happen, but everything just flew up. I took another number of shares in 2 times more than usual. I had the best prices to buy, sorry i was in short :-( In the near future I will definitely not trade the Ritz at the opening, I don't need such tricks anymore.

Ten tips for beginners

Since stock trading is an entrepreneurial profession, which requires, so you risk your money, to make money, it is worth adhering to a rational conservative approach in relation to the markets. Following are some tips for traders, who are preparing to plunge into the pool of trade – with our main focus on preserving capital (and reason), and not because, to get rich quicker. 1. Don't rush to trade. Markets will exist tomorrow, next week, next year and next decade. Don't worry about, what, while doing testing and mock trading without real money, you can miss the movement, once in a lifetime. There are always opportunities somewhere – you have nothing to lose, investing your time in education and training. 2. Don't trade for no reason. When you, finally, start trading, don't trade just because, What do you feel, what should do it, or out of boredom, or under the influence of a gust. Risk your money, only when you see the facts, confirming the existence of a favorable trading opportunity, and you have a plan, with which you can take advantage of this opportunity.

Black Wednesday

I lost the most money today, for my trading career, so I'll write a post about yesterday's auction tomorrow. I hope for MOC, I will fight back and close in a plus. I'm not upset, just a little unpleasant, but this happens with us.

Conscious trading

Understanding the Truth Trading – game of probabilities. Imagine, that we are flipping a coin. Eagle – i win dollar, tail – dollar you win. It's that simple. Heads and tails will fall half the time, and we both won’t win, neither lose. However, imagine, that secretly from me you slipped a counterfeit coin. For every 100 throwing eagles fall 49 once, and tails – 51. You now have a money printing machine. Baptize him “Reshka Trading System”. Everything, what you need to do – sit and always bet on tails. Finally, You win all my money (and any other, who will sit with you to play). Any real trading system gives you an advantage. Favorable slope. Something, what will happen sooner, than not. No matter, which system you are using, Whether, for example, breakout patterns, trend following, Fibonacci, moving averages, channels, oscillator signals, Bollinger Bands, swing trade, opening gaps… You rely on a positive slope. Essentially, система торговли говорит, “when ‘x’ happens, за ним обычно следует ‘y’”.

Quotes about the exchange and trading(Gerchik)

It all depends on the time, which you enter, usually after 11, when liquidity leaves the market a little and there are no more big players on the market before 14.00, then this is really what happens ... the answer is one: you need to trade aggressively with 9.30-11.30 and than, somewhere with 14.30 and all the way….in the interim 11.30-14.30 you just need to look for potential customers (stock), to after 14.30, when the general direction of the market is determined, you were already in the stream… There is no market crisis, the worst for the market – it is the absence of LIQUIDITY AND VOLATILITY, and then, and there are other things on the market now. Before the exchange opens, you can make trades, sometimes for 2-3 hours before opening and after closing, no restrictions. All transactions are carried out on ecn. …Slanted lines work just as well, as well as horizontal, therefore they do not need to be discounted. It's just that horizontal lines work well within the day for identifying levels., but inclined and within the day, and on daily charts for the trend.

Silly mistakes…

There was nothing to do on OPG today, no ideas and signals, so i didn't do anything. Intraday : TIF : Tiffany & Co Sector: Services > Industry: Retail (Specialty) Selling after breaking yesterday's low, with little risk. The stock moves a little inadequately and jerkily, for this on 1 green candle covered half of the position and it rose a little high from the bottom. In general, not a bad trade, sorry for the whole position could not sit out. Potential: 1,5$ ( real 1$) Risks: ~10C Ratio : 1 to 10 Mistakes: all is well :) PBG : The Pepsi Bottling Group, Inc. Sector: Consumer/Non-Cyclical > Industry: Beverages (Nonalcoholic) The worst trades of the day were here., in the beginning sold in the hope of a miracle, and then bought without much hope for growth. Mistakes : we need to stop shorting shares that opened with a very large GAP, they rarely go down after it.…

A little poetry about our work

He is a trader. Briefly and clearly. You will immediately understand what kind of person, Selling his soul to the devil in vain For a fleeting chance to catch success. And look, and gestures, thoughts and deeds Everything speaks for that, that he is different. He is not turned on by the thought of a skirt., He's in the market. He has no control over himself.

Quotes about your trade (Gerchik)

Our trading is based on homework, which we do before working day …From there we choose 20-100 shares to trade on a given day, during the day, when our ideas play out, we look at filters, besides, always different… So it is unlikely that someone is bothering anyone here.… Our systems are not automatic, trader – main factor… …Understand one thing – I'm not the best and never said that. I have friends traders, who earn in 10 times more, than me… I don't make myself a super trader and understand, that there are only a few super traders in the industry… I'm just very good, break even, earth trader, who can teach others not to lose or make trading a profession and a permanent income…That's all.

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