Thursday, May 29, 2008

Some Trading Guides

1. Limit losses and ride profits, irrespective of all other rules.

2. Use of stops orders.

3. Buy strong-acting, strong-background commodities and sell weak ones subject to all other rules.

4. Watch for volume climax, especially after a long move.

5. Breaking of minor trendlines counter to the major trend gives most other important position-taking signals. Positions can be taken or reversed on stop at such places.

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