Oct
24

Introduce strict rules to trading NYSE

fire money 300x156 	Introduce strict rules to trading NYSE

Well, after two days, plus, on the third day broke again and do something silly. There were some some new problem in trading:

  • Cases of 50-90 cents per transaction and close it to zero
  • Very much believe in individual transactions and put everything at stake
  • I can not stand without a stop loss
  • Began trading spreads, my trading strategy are almost completely eliminates
  • Seeking any kind of new experiences and adventures.
  • Not observe the trading system, risk management
  • I take the position 5-6 times larger than the standard
  • Stops increased 2-fold to 30 cents a share
  • Many bulge
  • Do not close the positive transaction, I want more money
  • Averaging in the position

This is just part of what is said behind him and on this Monday tightly control their transactions and return discipline.

At the time of emergency imposed new rules:

  • Trades only on its trading system, no reversals, and other brilliant ideas
  • A strictly limited number of shares, no more no less.
  • I close 50% of positions in achieving its 50 cents and move the stop at least 25 cents
  • Maximum risk in the transaction 10-13 cents if no longer enter
  • The minimum capacity of 40 cents a share
  • To 10:30 no open positions
  • Daily limit losses divide into 2 parts: 2 / 3 before lunch, the rest after 14:00
  • No averaging and increasing the position.
  • A small profit is better than a big loss, not on turnover!

    And if all would comply, then the money heaped on me  :twisted:

    money 300x199 	Introduce strict rules to trading NYSE

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    1 Comment to “Introduce strict rules to trading NYSE”

    • Deposit is on the spot | Day Trading on NYSE October 28, 2009 at 12:53

      [...] What then I was not encouraged by the uncertainty in the trade. That day, plus a day less and eventually stand on the spot. One day control over their discipline, and the next I lose money on happiness. We’ve got to do something with it. Supplement to the previous rules: [...]

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