Thursday, December 25, 2008

The 5050 Trading Strategy

The 50/50 Trading Strategy is a solid and effective trading plan. It still takes time to learn how to trade well, and trade consistently. The 50/50 Strategy limit the risk of large drawdowns. The most important thing a trader must do is preserve capital. The 50/50 Trading Strategy gives you the best odds, and this is after all, an odds game.

TraderDoc Methodology also says to enter one trade at a time. Get it to break even or profitable and then repeat. Manage the risk, manage yourself and manage the trade.
Success is being ready for opportunity when it comes.


Candy's Trader Commandments:
1) Honor Thy Stops
2) Thou Shall Know Where Thine Stop Goes Before Entering
3) Thou Shall Not Covet Crappy Stocks
4) Thou Shall Know Thyself
5) Thou Shall Not Bear False Witness To Support and Resistance
6) Thou Shall Not Draw Trendlines In Vain (Trend Master Series CD will teach this)
7) Thou Shall Not Commit Naked Calls
8) Thou Shall Not Covet Thy Neighbor's Picks, Let Thou Analyze Them Thoroughly Thineself
9) Honor Thine Indicators
10) Thou Shall Protect Capital and Profit. (See #1)

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