Trend Follower: How I timed DMC

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Thursday, January 26, 2012

How I timed DMC

While most traders were talking about bad news in Europe. price action tells a different story.

But also remember: the chances are that you will not become acquainted with that reason until some time in the future, when it is too late to act on it profitably. Livermore

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Tracer's Trading Rules

1. No Set up, No Trade

2. Plan your stops before entering a trade

3. Let you profits run

4. Never argue with the tape

5. As soon as your price move in your favor, increase you stops.

6. Always be on the look-out for danger signals.

7. In a losing streak, take a vacation.

8. In a winning streak, add more.

9. 3 rules you must always follow, 1. cut-losses, 2. cut losses and rule number 3. cut losses.

10. I do not have targets.

11. Keep Learning. The market is constantly changing. No strategy works forever.

By following these rules, you have limited risk and unlimited profit potential.

Thursday, January 26, 2012

How I timed DMC

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