my 10 rules of trading, page-14

re: my 10 rules of trading ..yak Good post Yak.
Always good to get the thoughts of someone else.

My guess is that your rules form the basis of the rules employed, either conciously or subconciosuly, by all successful traders.

Not too many thinking peopke woild argue with them.

I personally am a fan of technical analysis, but my experience is that the current deployment of most forms of technical indicators is a bit akin to the old alchemists of old... a pinch or this, a pinch of that.

But as you so rightly observe, doesnt matter what method of trading you follow, if you do not have a well though out survival strategy (usually money managemnent based, but could also be just getting away from the market for awhile to start from afresh again) for the inevitable time that your trade, or all of your current trades, go wrong, you will not be around long enough to get through the inevitable drawdowns that fall on every trader from time to time.

There will always be a catastrophe waiting to happen in your portfolio, if you let it become a catastrophe.