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Stock Market Trading: The 20 Rules of Engagement

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"Good traders know how to make money; great traders know how to take a loss," and 19 other truisms to trade by.

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9. Emotion is the enemy when trading.

Take a deep breath before risking your hard-earned coin. Decisions made in an excited state often come back to haunt you. If you're personally attached to a stock, the decision-making process will be inherently flawed. Hope is not a viable investment thesis.

10. Adapt your style to the market.

Different phases in the market require different trading approaches and applying the right methodology is half the battle. In a choppy environment, hit-it-to-quit-it often generates return while trading around a core position is often rewarded in a trending tape.
No positions in stocks mentioned.

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at todd@minyanville.com.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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