Single most important rule of trading

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Updated February 27, 2020

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Single most important rule of trading

February 27th, 2013, 01:21 AM

#1 (permalink)

Big Mike

Manta, Ecuador

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Two part question:

- What is the single most important rule of trading?

- Why?

If you are going to reply with something along the lines of "trend is your friend", I expect you to be detailed in the 'why' part of the answer.

Extra credit:

- Prove it.

Mike

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February 27th, 2013, 02:55 AM	#3 (permalink)
baruchs Israel Experience: Intermediate Platform: NinjaTrader Broker: pfg Trading: eminis Posts: 323 since Jun 2009	1. Diversification 2. I proved it in another thread

February 27th, 2013, 02:55 AM	#4 (permalink)
artemiso New York, NY Vendor shill Experience: Beginner Platform: Vanguard 401k Broker: Yahoo Finance Trading: Mutual funds Posts: 1,152 since Jul 2012 Thanks Given: 784 Thanks Received: 2,687	- What is the single most important rule of trading? There is no free lunch.

February 27th, 2013, 03:13 AM

#5 (permalink)

Big Mike

Manta, Ecuador

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baruchs

1. Diversification
2. I proved it in another thread

Give a link.

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February 27th, 2013, 03:14 AM

#6 (permalink)

Big Mike

Manta, Ecuador

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Swing Trader

Experience: Advanced

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Thanks Received: 102,557

baruchs

1. Diversification
2. I proved it in another thread

Why?

Sent from my Nexus 4

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February 27th, 2013, 03:14 AM

#7 (permalink)

Big Mike

Manta, Ecuador

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Developer
Swing Trader

Experience: Advanced

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Duration: Weeks

Posts: 50,669 since Jun 2009

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Thanks Received: 102,557

artemiso

- What is the single most important rule of trading?

There is no free lunch.

See post 1. Why?

Sent from my Nexus 4

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February 27th, 2013, 04:01 AM	#8 (permalink)
RichardHK Hong Kong Elite Member Experience: Intermediate Platform: NinjaTrader, TWS Broker: IB/Kinetick Trading: ES Posts: 236 since Jan 2012 Thanks Given: 132 Thanks Received: 340	1. Do not lose money. 2. No money no trade.

February 27th, 2013, 04:15 AM

#9 (permalink)

baruchs

Israel

Experience: Intermediate

Platform: NinjaTrader

Broker: pfg

Trading: eminis

Posts: 323 since Jun 2009

Is this strategy good enough?
Hi,
Strategy that gives annual netprofit of 5K and max. DD of 1.8K. Is it good enough to trade?
One more thing - this is very robust strategy. I don't want to explain yet what it means.

Baruch
p.s. Lets assume that those numbers include commissions …

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February 27th, 2013, 06:50 AM	#10 (permalink)
redratsal Milan (I) Elite Member Experience: Advanced Platform: Ninjatrader Broker: Kinetick Trading: FDAX,6E,CL,YM,NQ,ES Posts: 1,648 since Oct 2010 Thanks Given: 1,215 Thanks Received: 2,090	1) Understand what you are doing 2) To stay longer in the game

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