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3 Tips which will help you Know when to Break Trading Rules

Posted By On 6/15/2011 12:05:00 AM Under ,
It is no doubt that all rules in life including stock market are meant to be broken and to be successful in life one needs to know the tips and tricks to know the right pertinent point which will help a person to break a rule and still make money from the market.
Rule 1
Always remember that harder path is the right path in life and same is also applicable to stock trading alos. Just figure out that if it is easy to sell, don’t; and if it is easy to buy, don’t. Do the trade that is hard to do and that which the crowd finds objectionable.
This rule was amply demons by Mr Peter Steidlmayer who has taught us this fact twenty five years ago and it holds truer now also.
Rule 2
Make your body so attuned to your trading that it auto tells you about the state of the trade and if the body says that you need to break the trading rule, just go ahead and break it.
Rule 3
Keep the frequency of breaking the rules to minimum and do not make it a habit. We do break the rules however same is undertaken post confirmation of share tips info through reliable sources.

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