I agree. You can always learn from other people, and from your own trading experiences.
I guess I've invested in shares for a number of years, but I only started properly learning TA and FA in the last year - I still have a lot of learning to do, but my entry and exit points have improved and I can better recognise SP trends.
Some of the threads on the Short Term Trading forum in the past have referred to people's trading rules, experiences and have provided learning sites/links. I would recommend checking out some of the STT threads, as there are some really knowledgeable people there.
Some of my rules are:
1. Do your own thorough research on a stock before buying.
2. Take profits at some time point when the SP is going up. Like most traders, I've had a stock turn red suddenly after being comfortably green before.
3. Try and take emotion out of any trading decisions. Sometimes it's hard not to when a SP has gone against you, or conversely when a stock looks like it could rocket to the moon haha.
I think I've improved my trading decisions and strategies recently by exiting some stocks where the trend suddenly went against me. It's saved me bigger losses, as I've been able to exit with a minimal loss - those stocks are now much lower.
It's always a constant learning experience, and I hope to continually improve my trading strategies. I look forward to hearing others' trading rules.
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