1. Patience 2. Understand the company 3. Don't let emotions rule...

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Slimjim007

1,748 Posts.

109

16/03/17

18:08

Post #: 23409582
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Originally posted by AdamM-V ↑

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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1. Patience
2. Understand the company
3. Don't let emotions rule
4. Buy at a discount
5. Good management

Probably have another 15 rules as well. The patience one is definitely tested with stocks like AC8 as is the emotions one.

AC8 Price at posting: 61.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

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Add AC8 (ASX) to my watchlist

1. Patience 2. Understand the company 3. Don't let emotions rule...

Top Stories

Vulcan appoints investment bank and M&A veteran to board

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Utah authorities sign off on Anson's lithium extraction plans at Green River

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

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