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Trading Tactics

Trading Tactics

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Published by oceann_yh
some tactics of day trading
some tactics of day trading

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Published by: oceann_yh on Dec 16, 2009
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01/03/2011

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Trading TacticsTrading TacticsTrading TacticsTrading Tactics
Gerald M. Loeb was a highly successful trader who wrote the classics
"The Battle For Investment Survival" 
and
"The Battle For Stock Market Profits." 
 Although they've been around for as long as I've been alive, you may findthem helpful in today's market.Once in a while I take time to review old handwritten notes I've takenfrom the books I've read in the past including from Loeb. These notes oftenserve as inspiration to my own trading. Even though I've read them manytimes over the years, they always offer a good insight.Loeb's Trading Tactics:Loeb's Trading Tactics:Loeb's Trading Tactics:Loeb's Trading Tactics:
 
The market is a battlefield. Make sure you are on the winning side
 
You must trade with the actions of the market and not simply by howyou might think the market should trade
 
Knowledge through experience is one trait that separates successfulstock market speculators from everyone else
 
To do well in short-term trading, it takes full-time attention anddedication
 
Exploit all new trends quickly and aggressively
 
The best traders are usually psychologists. The worst are usuallyaccountants
 
 
Stocks act like human beings and go through the same stages andphases as people do, including infancy, growth, maturity, anddecline. The key in trading is to be able to recognize which stagethe stock is in and to take advantage of that opportunity
 
Successful traders are intelligent, they understand humanpsychology, they practice pure objectivity, and they have naturalquickness
 
To succeed in trading you must 1) aim high, 2) control the risks,and 3) be unafraid to keep uninvested reserves and be patient
 
The stock market is more an art than a science and far more complexthan most people understand
 
It takes considerable amount of self-control to trade well
 
The more experienced and successful you become, the less you shoulddiversify
 
Big money is always made in the market's leaders
 
The best stocks will always seem overpriced to the majority ofinvestors
 
Resist the urge and temptation to change your strategy for each andevery different market cycle
 
 
Traders should always close a trade when good reasons exist to doso
 
Tops in stocks usually occur when the advance in price stalls asvolume or activity increases, or if the prices decline and theactivity increases
 
A sell signal occurs when a stock rises sharply on big volume butends the day at no gain or at a loss
 
Every new market cycle produces a new list of fresh leaders
 
Pyramid your buys - start with an initial position and then add toit only if the trade moves in your favor
 
Stocks are always way overvalued in a bull market and wayundervalued in a bear market
 
Expectation, not the news itself, is what moves the market
 
What everyone else knows is not worth knowing
 
Three basis elements should be considered when evaluating a stock- 1) quality (fundamentals, liquidity, management), 2) price, and3) trend (the most important)
 
Always sell when you start patting yourself on the back for beingsmarter than the market

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