Investology

• The best predictor of the market is the market it self;
• Market is totally impersonal, don’t personalize the market;
• The trader primarily concerned is about direction of the market, up or down? The investor is more concerned about picking the best stock to invest in;
• If market doesn’t respond to important news in the way it should, it is telling you something very important. When market makes a historic high, it is telling you something;
• The most important rule in trading is play great defense not great offense;
• Avoid impulsive trading decision and stick to the game plan;
• Never risk more than what CHRONOSS recommand it;
• You turn bullish at the instant your buy stop is hit and stay bullish until your sell stop is hit. Being bullish and not being long is illogical;
• Have the patience to wait for the right trade to come along;
• Don’t focus on making money. Focus on protecting what you have;
• Traders can’t follow rules for very long time unless they reflect their own trading style. Eventually breaking point is reached and the trader has to quit or change or find a new set of rules he can follow;
• Piece of advise to novice trader: under trade, under trade, under trade.