Trading tips

Follow the trend for profitable investing

• The trend is your friend. Always trade in the direction of the trend
• Add more positions only if current position is profitable
• Never buy or sell just because the price is low or high
• Never average a loss or hedge a losing position
• Always use stop loss orders. Never cancel a stop loss after you have placed it
• When in doubt, get out, and don't get in when in doubt
• Be willing to make money from both sides of the market
• Never change your position without a good reason
• Avoid trading after long periods of success or failure
• Don't try to guess OR time the tops or bottoms. It never works!

When you lose, don't blame your luck!