50 Time Tested Classic Stock Trading Rules

Shout-out to LeRoy Gardner. He posted those rules a while back on his blog: http://blog.leroygardner.com/

1. Plan your trades. Trade your plan.
2. Keep records of your trading results.
3. Keep a positive attitude, no matter how much you lose.
4. Don’t take the market home.
5. Continually set higher trading goals.

6. Successful traders buy into bad news and sell into good news.
7. Successful traders are not afraid to buy high and sell low.
8. Successful traders have a well-scheduled planned time for studying the markets.
9. Successful traders isolate themselves from the opinions of others.
10. Continually strive for patience, perseverance, determination, and rational action.

11. Limit your losses – use stops!
12. Never cancel a stop loss order after you have placed it!
13. Place the stop at the time you make your trade.
14. Never get into the market because you are anxious because of waiting.
15. Avoid getting in or out of the market too often.

16. Losses make the trader studious – not profits.
Take advantage of every loss to improve your knowledge of market action.
17. The most difficult task in speculation is not prediction but self-control.
Successful trading is difficult and frustrating.
You are the most important element in the equation for success.
18. Always discipline yourself by following a pre-determined set of rules.
19. Remember that a bear market will give back in one month what a bull market has taken three months to build.
20. Don’t ever allow a big winning trade to turn into a loser.
Stop yourself out if the market moves against you 20% from your peak profit point.

21. You must have a program, you must know your program, and you must follow your program.
22. Expect and accept losses gracefully.
Those who brood over losses always miss the next opportunity, which more than likely will be profitable.
23. Split your profits right down the middle and never risk more than 50% of them again in the market.
24. The key to successful trading is knowing yourself and your stress point.
25. The difference between winners and losers isn’t so much native ability as it is discipline exercised in avoiding mistakes.

26. In trading as in fencing there are the quick and the dead.
27. Speech may be silver but silence is golden.
Traders with the golden touch do not talk about their success.
28. Dream big dreams and think tall.
Very few people set goals too high.
A man becomes what he thinks about all day long.
29. Accept failure as a step towards victory.
30. Have you taken a loss? Forget it quickly.
Have you taken a profit? Forget it even quicker!
Don’t let ego and greed inhibit clear thinking and hard work.

31. One cannot do anything about yesterday.
When one door closes, another door opens.
The greater opportunity always lies through the open door.
32. The deepest secret for the trader is to subordinate his will to the will of the market.
The market is truth as it reflects all forces that bear upon it.
As long as he recognizes this he is safe.
When he ignores this, he is lost and doomed.
33. It’s much easier to put on a trade than to take it off.
34. If a market doesn’t do what you think it should do, get out.

35. Beware of large positions that can control your emotions.
Don’t be overly aggressive with the market.
Treat it gently by allowing your equity to grow steadily rather than in bursts.
36. Never add to a losing position.
37. Beware of trying to pick tops or bottoms.
38. You must believe in yourself and your judgement if you expect to make a living at this game.
39. In a narrow market there is no sense in trying to anticipate what the next big movement is going to be – up or down.
40. A loss never bothers me after I take it.
I forget it overnight.
But being wrong and not taking the loss – that is what does the damage to the pocket book and to the soul.

41. Never volunteer advice and never brag of your winnings.
42. Of all speculative blunders, there are few greater than selling what shows a profit and keeping what shows a loss.
43. Standing aside is a position.
44. It is better to be more interested in the market’s reaction to new information than in the piece of news itself.
45. If you don’t know who you are, the markets are an expensive place to find out.

46. In the world of money, which is a world shaped by human behavior, nobody has the foggiest notion of what will happen in the future.
Mark that word – Nobody!
Thus the successful trader does not base moves on what supposedly will happen but reacts instead to what does happen.
47. Except in unusual circumstances, get in the habit of taking your profit too soon.
Don’t torment yourself if a trade continues winning without you.
Chances are it won’t continue long.
If it does, console yourself by thinking of all the times when liquidating early reserved gains that you would have otherwise lost.
48. When the ship starts to sink, don’t pray – jump!
49. Lose your opinion – not your money.
50. Assimilate into your very bones a set of trading rules that works for you.

Of Zebra & of The Body of Christ

(A fulfillment of both Welcome & Word on 10 Dec, Fri, cell grp mtg)

Zebras and Wildebeests

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December 12, 2010 — by Julie Ackerman Link
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Our Daily Bread Radio is hosted by Les Lamborn

Read: 1 Corinthians 12:14-26

There should be no schism in the body, but . . . the members should have the same care for one another. —1 Corinthians 12:25

Bible in a year:Hosea 9-11; Revelation 3

After our plane landed on the gravel airstrip, Jay and I climbed out and entered the world of Masai Mara in Kenya. A Masai tribesman named Sammy met us and loaded our baggage into a Land Rover. Then we headed toward the camp where we would spend the next 2 days.

Stopping so we could watch the zebras and wildebeests migrating from Masai Mara to Serengeti, Sammy explained that the two massive herds travel together because the zebras have good eyesight but a poor sense of smell, and the wildebeests have bad eyesight but a good sense of smell. By traveling together, both are less vulnerable to predators. This was our first lesson from God’s revelation in creation, which Kenya has in abundance.

Just as God makes animals with different strengths and weaknesses, He makes people the same way. God made us to be dependent not only on Him but also on one another. The apostle Paul elaborated on this idea in his letter to the church in Corinth. As members of the body of Christ, we all have different gifts and abilities (1 Cor. 12:12-31).

The church is healthy only when we work together, look out for each other, and use our strengths to benefit one another.

Help us, Lord, to work together

With the gifts that You bestow;

Give us unity of purpose

As we serve You here below. —Sper

We can go a lot further together than we can alone.

Trial Verses

[Job 13:15]
Though he slay me, yet will I hope in him;

[James 1:2-4]
My brethren, count it all joy when you fall into various trials, 3 knowing that the testing of your faith produces patience. 4 But let patience have its perfect work, that you may be perfect and complete, lacking nothing.

[Jeremiah 29:10-14]
This is what the LORD says: “When seventy years are completed for Babylon, I will come to you and fulfill my good promise to bring you back to this place. 11 For I know the plans I have for you,” declares the LORD, “plans to prosper you and not to harm you, plans to give you hope and a future. 12 Then you will call on me and come and pray to me, and I will listen to you. 13 You will seek me and find me when you seek me with all your heart. 14 I will be found by you,” declares the LORD, “and will bring you back from captivity.[b] I will gather you from all the nations and places where I have banished you,” declares the LORD, “and will bring you back to the place from which I carried you into exile.”

The Wheels of History Jeremiah 51:33~40

Application:
- When God fights for us, He does so in victory. Sometimes, the wait is long and difficult but let’s strive to see history from a broader perspective. Our lives are part of a bigger plan. Be sure of this! - Things seem to always change and yet remain the same. Only God knows how things will end. If you want to know, you should stick close to Him.

Prayer:
Dear God, I don’t know what history holds for this world but I do know that You guide and protect Your people. Help me be patient in suffering, strong in persecution and always hopeful. In Jesus’ name I pray. Amen.

God the Avenger

Jeremiah 46:27~47:7

Application:
As we learned earlier, God’s punishment is meant for discipline and restoration. God invites Israel to return to Him so that they can be restored. Similarly, we should not be afraid to accept God’s correction in our lives. In both the Old and the New Testament, God tells us not to take revenge for ourselves because He is the one who will protect and avenge us when the time is right, just as He did for Israel.

Prayer:
Almighty God, thank You for Your love and protection over my life. May I not be concerned of protecting my own interests and rights, but may I submit myself to Your Lordship and humble myself before others. I trust in You Lord. In Jesus’ name I pray. Amen.

True Prosperity

It’s not that Jesus is against wealth. It’s just that He is grieved by anything that we value more than Him. We can work hard and make money, but when those things are the main pursuit of life, then Jesus isn’t. Placing Him first and foremost in our lives is the key to true prosperity.

He possessed all the world had to give him,
He had reached every coveted goal;
But, alas, his life was a failure,
For he had forgotten his soul. —Denison

Don’t let riches—or the pursuit of riches— derail your pursuit of Jesus.

Warning for Disobedience

Jeremiah 42:13~22

Application:
Where is your Egypt today? Where is the place you go to for comfort, thinking that your ‘Egypt’ can protect and provide for you? Perhaps it is a secure job, a romantic relationship, wealthy parents, or your own academic accolades. Aside from God, the other places you put your trust in is your ‘Egypt.’ Humility begins with realizing our own weaknesses and seeing the Lord as the only source of hope and strength. Turn back from your Egypt and put your trust in God alone.

Prayer:
Lord, forgive me for running to Egypt, rather than into Your loving arms. I lay down my idols before You and worship You alone. Thank You for the Jeremiahs You send to me. I thank You for my pastor and his words of wisdom. In Jesus’ name I pray. Amen.