The Market Is Always Right

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 nature­­both their own and others'­­and directing it toward profitable outcomes.

Distilling the wisdom of hundreds of traders, this proactive book starts with 10 overriding rules­­for example, "Evaluate your performance"­­and then lists the subrules within each, such as "Qualify and quantify your trading pattern." Other examples include:

• Never chase trades
• Watch the open­­don't trade it
• When in doubt, get out