A Question of Balance
The key factors determining overall success in the markets
Everyone who is involved with markets wants to come out a winner; this chapter outlines the four essential areas that separate the winners from the losers. These points are as applicable to investors as they are to traders.
There is nothing revolutionary herein; most of this is well known to investors and traders. Indeed it is too well known, because the best place to hide a secret is where everyone can see it, that way they do not realise its worth. These four factors are more than simple rules for success; they also mark the path through success. Without more ado here are the four:
1. Cut your losses.
2. Run your profits.
3. Trade selectively.
4. Maintain good ...