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Write You - Dennis Gartman's Not-So-Simple Rules of Trading
“It’s a labor of love.” That’s how I’ve always described my content-based website. Until the last year or so, what I meant is that my website paid me in love more frequently than it paid in money. And if visitor compliments and good karma paid the mortgage, that would have been fine.I knew I enjoyed and was very good at helping others and communicating in the online world. What I needed was a way to help others online
I just ran across Gartman’s Not-So-Simple Rules of Trading. Each year he updates the list. I believe this is his latest and greatest. Here are my favorites:
1. Never, Ever, Ever, Under Any Circumstance, Add to a Losing Position… not ever, not never! Adding to losing po
Welcome to the second in a three-part series on Leadership, which we define as "holding the Vision, causing Partnership, and holding people to Account".Last time we explored the area of Accountability. Now we are going to take a look at Partnership, which we define as: ‘holding oneself to account for
Before that day, I had never heard of Dennis Gartman. Turns out that he is a well respected and well known trader. He publishes the Gartman Letter that is a must read among professional traders. He should be commended for coming on CNBC on a day in which he had taken such a pounding. So many come on that network- tout their stocks and are never heard from again. Needless to say, he lost mega-bucks on this trade. He stated that this had turned a good year into a mediocre one. I was most impressed when he said that he immediately closed his position. He didn’t try to rationalize the situation. He cut his losses and moved.
I discussed a similar situation in my article, “Navigating Thru a Trading Fiasco.” I cut bait on Enerplus Resources, a Canadian Income Trust, after the Canadian Government announced a new tax on such entities. The article generated a nice discussion - see comments to article.
I just ran across Gartman’s Not-So-Simple Rules of Trading. Each year he updates the list. I believe this is his latest and greatest. Here are my favorites:
1. Never, Ever, Ever, Under Any Circumstance, Add to a Losing Position… not ever, not never! Adding to losing pos
If you have a sales manager or someone above you in sales are you using their special powers? Your boss probably has insight you don’t know about that will break open sales for you. When you learn how to use this, everyone wins in sales. Most managers would love to be taken advantage of in this manner. I can’t think of one sales manager who wouldn’t want to be used like this.Understanding Management Perception and Insight<
Before that day, I had never heard of Dennis Gartman. Turns out that he is a well respected and well known trader. He publishes the Gartman Letter that is a must read among professional traders. He should be commended for coming on CNBC on a day in which he had taken such a pounding. So many come on that network- tout their stocks and are never heard from again. Needless to say, he lost mega-bucks on this trade. He stated that this had turned a good year into a mediocre one. I was most impressed when he said that he immediately closed his position. He didn’t try to rationalize the situation. He cut his losses and moved.
I discussed a similar situation in my article, “Navigating Thru a Trading Fiasco.” I cut bait on Enerplus Resources, a Canadian Income Trust, after the Canadian Government announced a new tax on such entities. The article generated a nice discussion - see comments to article.
I just ran across Gartman’s Not-So-Simple Rules of Trading. Each year he updates the list. I believe this is his latest and greatest. Here are my favorites:
1. Never, Ever, Ever, Under Any Circumstance, Add to a Losing Position… not ever, not never! Adding to losing po
Organizing information:Each format organizes information differently and has distinct advantages and disadvantages. The following examples will help you determine which format is most appropriate for you.1. Chronological: This type of resume lists work experience in reserve chronological order. It is best for the person who has had extensive experience in a chosen career field.Chronological Resume Advantages: commended for coming on CNBC on a day in which he had taken such a pounding. So many come on that network- tout their stocks and are never heard from again. Needless to say, he lost mega-bucks on this trade. He stated that this had turned a good year into a mediocre one. I was most impressed when he said that he immediately closed his position. He didn’t try to rationalize the situation. He cut his losses and moved.
I discussed a similar situation in my article, “Navigating Thru a Trading Fiasco.” I cut bait on Enerplus Resources, a Canadian Income Trust, after the Canadian Government announced a new tax on such entities. The article generated a nice discussion - see comments to article.
I just ran across Gartman’s Not-So-Simple Rules of Trading. Each year he updates the list. I believe this is his latest and greatest. Here are my favorites:
1. Never, Ever, Ever, Under Any Circumstance, Add to a Losing Position… not ever, not never! Adding to losing po
Besides the dynamics associated with search engine optimization, search engine marketing, pay-per-click, cost-per-click, backlinks, blogs, meta tags, and a website backend whose design is accommodating to search engine crawls, one of the most important aspects of creating an online business is distinguishing yours from its competitors by creating your own unique brand.So, you may be asking yourself, "Yeah, how do I make my on
I discussed a similar situation in my article, “Navigating Thru a Trading Fiasco.” I cut bait on Enerplus Resources, a Canadian Income Trust, after the Canadian Government announced a new tax on such entities. The article generated a nice discussion - see comments to article.
I just ran across Gartman’s Not-So-Simple Rules of Trading. Each year he updates the list. I believe this is his latest and greatest. Here are my favorites:
1. Never, Ever, Ever, Under Any Circumstance, Add to a Losing Position… not ever, not never! Adding to losing po
We would all like to have the best looking website, that's a fact - but if we keep in mind that our main objective is to finally sell our product or service online, we'll realize that maybe design is not the most important factor when it comes to achieve this objective.Professional design is probably the most time consuming part of the web development, so my first tip would be, before you are contacting a Web Design Company,
I just ran across Gartman’s Not-So-Simple Rules of Trading. Each year he updates the list. I believe this is his latest and greatest. Here are my favorites:
1. Never, Ever, Ever, Under Any Circumstance, Add to a Losing Position… not ever, not never! Adding to losing positions is trading’s carcinogen; it is trading’s driving while intoxicated. It will lead to ruin. Count on it!
8. Think Like a Fundamentalist; Trade Like a Simple Technician: The fundamentals may drive a market and we need to understand them, but if the chart is not bullish, why be bullish? Be bullish when the technicals and fundamentals, as you understand them, run in tandem.
10. Keep Your Technical Systems Simple: Complicated systems breed confusion; simplicity breeds elegance. The great traders we’ve known have the simplest methods of trading. There is a correlation here!
11. In Trading/Investing, An Understanding of Mass Psychology Is Often More Important Than an Understanding of Economics: Simply put, “When they are cryin’, you should be buyin’! And when they are yellin’, you should be sellin’!”
14. Be Patient with Winning Trades; Be Enormously Impatient with Losing Trades: The older we get, the more small losses we take each year… and our profits grow accordingly.
15. Do More of That Which Is Working and Less of That Which Is Not: This works in life as well as trading. Do the things that have been proven of merit. Add to winning trades; cut back or eliminate losing ones. If there is a “secret” to trading (and of life), this is it.
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