Trading Tips and Tricks to Live (or Die) By
Unfortunately, there isn’t a Holy Grail trading method that guarantees profits. However, there are a few simple guidelines that if understood and implemented, can have a significantly positive impact on trading results. Here is our list.
IF THE MARKET GIVES YOU A GIFT, TAKE IT
It is easy to confuse trading prowess with luck, but the truth is nobody can predict price movement with exact certainty. Instead, we are all making educated guesses in an attempt to beat the market, which entails facing less than favorable odds of success. As a result, if you happen to be in the right place, at the right time, to catch a substantially favorable market move, it is generally a good idea to take the money and run.
Ego will often argue that there could be additional monies to be had, but the fact is markets can take profits away as fast, or faster, that it gives them. Don’t over think your position; take a profit and walk away.
*THERE IS SUBSTANTIAL RISK OF LOSS IN TRADING FUTURES AND OPTIONS!