You probably already know this, but if you don’t, it is time to wake you up.
There is no such thing as a perfect system for investing.
However, that being said, what we can tell you is that there are systems that work in many cases. A good way to find such a system is to observe what successful investors do and do the same yourself.
Here we are going to give you the 10 rules of investing of a very successful investor, professional trader and market analyst.
This investor didn’t realize from the beginning that he had a system; he only discovered it while working on creating a trading program for a renowned online company. At that time, he had to analyze what he normally did when investing in order to put together a program to teach others how to trade.
This is when he discovered that he actually had 10 rules that helped him gain a great deal and which guided all of the investing he did:
1. Stick to your guns
2. Stay on top of things
3. Avoid being a one-way trader
4. Never get personally attached to your trades
5. Do not think it must be complicated to work
6. Do your homework
7. Trade what you see
8. Breathe in, breathe out, and move on
9. View each trade separately
10. Never follow the crowd
We recommend that intermediate and high level investors create their own set of investment rules or adapt the ones above to fit their style, and that new investors start by following these rules and, as they gain experience, add or modify them to fit a personal style.
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