04/11/2019
Richard Dennis: Trading Advice
1. Whatever method you use to enter trades, the most critical thing is that if there is a major trend, your approach should assure that you get in that trend.
2. A good trend following system will keep you in the market until there is evidence that the trend has changed.
3. When you have a position, you put it on for a reason, and you’ve got to keep it until the reason no longer exists.
4. Trading decisions should be made as unemotionally as possible.
5. Trade small because that’s when you are as bad as you are ever going to be. Learn from your mistakes.
6. I could trade without knowing the name of the market.
7. There are lots more false breakouts, perhaps because there are more computer-based trend followers.