- Concentrate, focus, know yourself and your limits.
- Keep things simple.
- Go with the flow.
- Take profits when you'd be crazy not to.
- Press your advantage to an almost reckless level when you are in sync.
- There is no limit to where prices can go. Up, Down or bounce. Think 1000 point days on the Dow.
- Cut losers ultra fast.
- Pare your plays down to 2 or 3 at a time and trade big size.
- Momentum is king, fundamentals are meaningless, technical levels are of little use.
In times like these, more money will fly into your account than years trading a grinding market. Don't think you are smarter than the market if you are wildly successful - it is just the conditions that making it appear so. Be humble and give something back to those less fortunate than you.
Happy trading.
