NexusFi: Find Your Edge


Home Menu

 





Single most important rule of trading


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one Big Mike with 7 posts (2 thanks)
    2. looks_two baruchs with 4 posts (0 thanks)
    3. looks_3 trendisyourfriend with 2 posts (3 thanks)
    4. looks_4 whatnext with 2 posts (0 thanks)
      Best Posters
    1. looks_one iqgod with 6 thanks per post
    2. looks_two mattz with 5 thanks per post
    3. looks_3 Itchymoku with 4 thanks per post
    4. looks_4 trendisyourfriend with 1.5 thanks per post
    1. trending_up 27,363 views
    2. thumb_up 51 thanks given
    3. group 33 followers
    1. forum 52 posts
    2. attach_file 0 attachments




 
Search this Thread

Single most important rule of trading

  #1 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,471 since Jun 2009
Thanks Given: 33,250
Thanks Received: 101,674

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



Join the free Markets Chat beta: one platform, all the trade rooms!

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
What broker to use for trading palladium futures
Commodities
Trade idea based off three indicators.
Traders Hideout
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
ZombieSqueeze
Platforms and Indicators
Strategy stop orders partially filled
EasyLanguage Programming
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Just another trading journal: PA, Wyckoff & Trends
22 thanks
What is Markets Chat (markets.chat) real-time trading ro …
19 thanks
GFIs1 1 DAX trade per day journal
15 thanks
ApexTraderFunding.com experience and review
15 thanks
EG Indicators
11 thanks
  #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

Reply With Quote
  #4 (permalink)
 artemiso 
New York, NY
 
Experience: Beginner
Platform: Vanguard 401k
Broker: Yahoo Finance
Trading: Mutual funds
Posts: 1,152 since Jul 2012
Thanks Given: 784
Thanks Received: 2,685

- What is the single most important rule of trading?

There is no free lunch.

Reply With Quote
  #5 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,471 since Jun 2009
Thanks Given: 33,250
Thanks Received: 101,674


baruchs View Post
1. Diversification
2. I proved it in another thread

Give a link.

Sent from my Nexus 4



Join the free Markets Chat beta: one platform, all the trade rooms!

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #6 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,471 since Jun 2009
Thanks Given: 33,250
Thanks Received: 101,674


baruchs View Post
1. Diversification
2. I proved it in another thread

Why?

Sent from my Nexus 4



Join the free Markets Chat beta: one platform, all the trade rooms!

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #7 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,471 since Jun 2009
Thanks Given: 33,250
Thanks Received: 101,674


artemiso View Post
- What is the single most important rule of trading?

There is no free lunch.

See post 1. Why?

Sent from my Nexus 4



Join the free Markets Chat beta: one platform, all the trade rooms!

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #8 (permalink)
 RichardHK 
Hong Kong
 
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.

Reply With Quote
  #9 (permalink)
 baruchs 
Israel
 
Experience: Intermediate
Platform: NinjaTrader
Broker: pfg
Trading: eminis
Posts: 323 since Jun 2009


Reply With Quote
  #10 (permalink)
 
redratsal's Avatar
 redratsal 
Milan (I)
 
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

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:




Last Updated on February 27, 2020


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts