AM 1150 Kelowna - Radio Rallies & Reversals
I thought I'd share some of the 22 rules of trading by Dennis Gartman, but keep in mind that Dennis is a trader and these rules can be shorter-term in nature:
1. Never under any circumstances add to a losing position; to do so otherwise will eventually and absolutely lead to ruin!
4. The objective is not to buy low and sell high, but to buy high and to sell higher. We can never know what price is low; nor can we know what price is high. Always remember that sugar once fell from $1.25/lb to 2 cents/lb and seemed cheap many times along the way.
6. Markets can remain illogical longer than you or I can remain solvent. Illogic often reigns and markets are enormously inefficient despite what the academics believe.
GB
1. Never under any circumstances add to a losing position; to do so otherwise will eventually and absolutely lead to ruin!
4. The objective is not to buy low and sell high, but to buy high and to sell higher. We can never know what price is low; nor can we know what price is high. Always remember that sugar once fell from $1.25/lb to 2 cents/lb and seemed cheap many times along the way.
6. Markets can remain illogical longer than you or I can remain solvent. Illogic often reigns and markets are enormously inefficient despite what the academics believe.
GB
Labels: Trading
posted by Gordon Bell at
1:21 PM
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