Rules for successful trading, direct from the traders who practice them every day
Even with today's high-speed computers, online accounts, and information access, traders still live or die based on their abilities to control fear, greed, and emotion. The Market Is Always Right gives traders battle-proven advice for avoiding common trading setbacks by understanding human natureÂÂboth their own and others'ÂÂand directing it toward profitable outcomes.
Distilling the wisdom of hundreds of traders, this proactive book starts with 10 overriding rulesÂÂfor example, "Evaluate your performance"ÂÂand then lists the subrules within each, such as "Qualify and quantify your trading pattern." Other examples include:
- Never chase trades
- Watch the openÂÂdon't trade it
- When in doubt, get out