Here is a collection of over 50 strategies for market success targeted to sophisticated investors and financial professionals. Eng explains what works and what doesn't in an authoritative yet accessible tone. Partial Contents: Don't Follow the Crowd; Markets Are Never Wrong, Opinions Often Are; Grab Windfall Profits; Make a Distinction Between Speculating and Investing; Bear Markets Have No Supports, Bull Markets Have No Resistances; Index.
Introduction
Rule 1. : Divide Your Trading Capital into Ten Equal Risk Segments
Rule 2. : Use A Two-Step Order Process
Rule 3. : Don’t Overtrade
Rule 4. : Never Let A Profit Turn into A Loss
Rule 5. : Trade with The Trend
Rule 6. : If You Don’t Know What’s Going on, Don’t Do Anything
Rule 7. : Tips Don’t Make You Any Money
Rule 8. : Use The Right Orders to Get into The Markets
Rule 9. : Don’t Be Whimsical About Closing Out Your Trades
Rule 10. : Withdraw A Portion of Your Profits
Rule 11. : Don’t Buy A Stock Only to Obtain A Dividend
Rule 12. : Don’t Average Your Losses
Rule 13. : Take Big Profits and Small Losses
Rule 14. : Go for The Long Pull as an Outside Speculator
Rule 15. : Sell Short as Often as You Go Long
Rule 16. : Don’t Buy Something Because It is Low Priced
Rule 17. : Pyramid Correctly, If at All
Rule 18. : Decrease Your Trading After a Series of Successes
Rule 19. : Don’t Formulate New Opinions During Market Hours
Rule 20. : Don’t Follow The Crowd¯They Are Usually Wrong
Rule 21. : Don’t Watch or Trade Too Many Markets at Once
Rule 22. : Buy The Rumor, Sell The Fact
Rule 23. : Take Windfall Profits When You Get Them
Rule 24. : Keep Charts Current
Rule 25. : Preserve You Capital
Rule 26. : Nothing New Ever Occurs in The Markets
Rule 27. : Money Cannot Be Made Every Day from The Markets
Rule 28. : Back Your Opinions with Cash When They Are Confirmed by Market Action
Rule 29. : Markets Are Never Wrong, Opinions Often Are
Rule 30. : A Good Trade is Profitable Right from The Start
Rule 31. : As Long As A Market is Acting Right, Don’t Rush to Take Profits
Rule 32. : Never Permit Speculative Ventures to Turn into Investments
Rule 33. : Don’t Try to Predetermine Your Profits
Rule 34. : Never Buy A Stock Because It Has A Big Decline from Its Previous High, nor Sell A Stock Because It is High Priced
Rule 35. : Become A Buyer As Soon as A Stock Makes New Highs After A Normal Reaction
Rule 36. : The Human Side of Every Person is The Greatest Enemy to Successful Trading
Rule 37. : Ban Wishful Thinking in The Markets
Rule 38. : Big Movements Take Time to Develop
Rule 39. : Don’t Be Too Curious About The Reasons Behind The Moves
Rule 40. : Look for Reasonable Profits
Rule 41. : If You Can’t Make Money Trading The Leading Issues, You Aren’t Going to Make It Trading The Overall Markets
Rule 42. : Leaders of Today May Not Be The Leaders of Tomorrow
Rule 43. : Trade The Active Stocks and Futures
Rule 44. : Avoid Discretionary Accounts and Partnership Trading Accounts
Rule 45. : Bear Markets Have No Supports and Bull Markets Have No Resistance
Rule 46. : The Smarter You Are, The Longer It Takes
Rule 47. : It is Harder to Get Out of A Trade Than to Get into One
Rule 48. : Don’t Talk About What You’re Doing in The Markets
Rule 49. : When Time is Up, Markets Must Reverse
Rule 50. : Control What You Can, Manage What You Cannot
Conclusion : The 360-Degree Wheel Theory
Index
