The Golden Rules of Trading Never Die

February 8th, 2010

Here’s the 2 Golden Rules To a lifetime of Trading Success:

Here’s how I make trend trading very simple. Decide to follow these two “golden” rules of trading and you will make trading more fun and most important: PROFITABLE.

1. Cut your losses short but let your profits run.
2. Find a disciplined trading system to tell you when and by how much to do #1.

This golden rule of trading is basically an exit strategy that will always help you manage your money by controlling the one and only thing you can control: Risk. You need to know when to let go of any given trade as well as when to hold onto a moving trend. Lose short and win big my friend.

So you don’t need to heed to those traders who say that a your ETF or stock position will “come back around sooner or later” I’ve played that hope and pray strategy and lost a quick $50K. Forget the old school cliches.

Always remember that the trend is truly your friend and the sooner you learn to follow it, the sooner you’ll profit. When it comes to successful ETF trend following, follow the golden rules.

Click here for a free look at a simple ETF Trend Trading course that averages 6.43% per month in less than 10 minutes a night.

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