10 Rules for Traders

[Gurakes]

10 Rules for Traders Never use stops. Stops are for beginners. Never use "how to trade" materials to learn how to trade. Never buy or use a trading robot. Don't use indicators in graphics... the price is your best indicator. Don't get obsessed with the risk-benefit ratio. You can't predict exactly how much a pair will move. Don't use someone else's trading system. Design yours according to your style. Don't go into trading forums looking for "advices." Nobody has the Holy Grail. Never close an operation that is negative. Graphics show that every pair eventually comes back. Don't spend money on brilliant trading systems. Don't operate on time frames less than an hour.

[Thesbiskes]

Number 7 says you shouldn't look for advice in forums... do you realize that you wrote your 10 rules as advice on a trading forum? Do you see the irony? Also, that rule is the only one that makes any sense. The other 9 are probably the worst set of suggestions I've ever read.

[jttoSarces]

I can't agree more. lt's like a quick guide to busting your account.

[TesiSesdoCa]

Your rules are designed to make people fail. You better not give advice of this kind.

[escobos]

Sounds like he's operating with martingala... we know how that ends.

[cesTutesnzesTesxxa]

I agree on the 6th and 9th, but the thing about never shutting down a negative operation... that's financial suicide.

[desnu.dcS2]

Rule 1 and 10 straight to the trash can, and that's nice.

[Axrunes]

Rules 5 and 8 contradict each other. If you don�t calculate risk-benefit, you can�t decide how much to endure a losing operation. Your �advices� are like an arrow in the Achilles heel: deadly for any trader.

[AxrcacudesCoto]

There are no universal rules in trading. Everyone must develop their own rules according to their style, psychology and experience. Stop Loss is necessary for many, and technical analysis or risk/benefit are not optional.

[AxchoSu]

Is there any way to remove absurd threads like this?