W.D.Gann's trading secrets
Some of today’s great trading philosophies actually date back to the
early to mid-1900s.And W.D. Gann, Jesse Livermore and Richard D. Wyckoff
all were considered "market mavens" of that time,according to author
Jim Wyckoff.
"They stressed hard work and preparation as pre-conditions for successful trading of markets. Their work is still valid and renowned by successful traders of all markets worldwide."
Gann’s 28 Valuable Rules. It is best that you read these rules once a day before you make a trade.
1. Amount of capital to use: Divide your capital into 10 equal parts and never risk more than one-tenth of your capital on any one trade.
2. Use stop loss orders. Always protect a trade when you make it with a stop loss order 1 to 3 cents, never more than 5 cents away, cotton 20 to 40, never more than 60 points away.
3. Never overtrade. This would be violating your capital rules.
4. Never let a profit..
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"They stressed hard work and preparation as pre-conditions for successful trading of markets. Their work is still valid and renowned by successful traders of all markets worldwide."
Gann’s 28 Valuable Rules. It is best that you read these rules once a day before you make a trade.
1. Amount of capital to use: Divide your capital into 10 equal parts and never risk more than one-tenth of your capital on any one trade.
2. Use stop loss orders. Always protect a trade when you make it with a stop loss order 1 to 3 cents, never more than 5 cents away, cotton 20 to 40, never more than 60 points away.
3. Never overtrade. This would be violating your capital rules.
4. Never let a profit..
posted by Bramesh at
4:36 PM
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