CHAPTER 5

Wall Street’s Golden Rules

Discipline, knowledge, and experience are the pillars to trading success.

Wall Street is looked at by many as the global guru of all that is financial. And, indeed, over the decades many practical rules of thumb have surfaced. These axioms, as some call them, are based on years of accumulated experience and trial-and-error results. The simple truth is that these axioms do have merit and should be outlined in a book on trading and as such should be incorporated in your personal trading rules.

So, some of the more important Wall Street axioms have been especially selected for this volume. However, I prefer to start with golden rules of Wall Street that are interesting and certainly can be used as part of your ...

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