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Chapter Twelve
Neal Weintraub:
The Value of My Car Goes Up or Down Depending on the Amount of Gas I Have |
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The 17 questions traders most frequently ask. |
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Question 1: What were the first rules of trading you learned? |
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Neal: The first rules were given to me on a 3 x 5 index card. I still have copies in my possession. |
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1. Practice your trading. The first hundred trades are the hardest. |
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2. Do not overtrade. It's best to begin with one lots. |
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3. If you are caught taking more units that you can handle, immediately get out of excess. |
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4. Use discomfort to your advantage; it may never go away. |
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5. Work on each trade. Don't lay back. The ability to let a profit run is a developed skill. |
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6. Try not to be habitually bullish or bearish. |
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7. Never add to a losing position. |
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8. Learn the quirks of other traders and brokers. |
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9. Watch disciplined traders. Try to model yourself after them. |
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