12 Power Laws for a Trader

12 Power Trading Laws of Larry Benedict
USD395 Million Trading Lesson

PSYCHOLOGY RULES :


Law#1 Don't Force a Trade
Law#2 If you are dealing with personal problems, stay away from the market
Law#3 The market will be here tomorrow... walk away if you need to.
Law#4 The market can stay irrational longer than you can stay solvent
Law#5 Focus on a small number of High Conviction Trades*

* Avoid Low conviction trades at all costs
* Keep yourself under 5 positions at any one time.

RESEARCH RULES :

Law#6 Only trade markets you have thoroughly researched and follow
Law#7 Trade your time frame
Law#8 Watch Price Action Like a Hawk
Law#9 Study and Learn from your mistakes

TECHNIQUE RULES :

Law#10 Average in on winning trades and increase your winners
Law#11 Don't put on too large a position
Law#12 You don't need to "Trade the Trend"

To know more about Larry Benedict you can visit his website https://opportunistictrader.com/

You can watch the video by registering at and each of the above law is discussed in detail.

https://start.opportunistictrader.com/395-million-trading-lesson-registration/?utm_campaign=395webinar&utm_source=OppTraderHome&utm_medium=topmenu


Disclaimer :

This blog is for educational and awareness purpose only. The views are intended for discussion and exchange of views rather than an expert opinion. This is not an recommendation to buy or sell or invest in the stock market and derivatives market. Kindly exercise caution and perform your own due diligence before investing in the market, after fully and clearly understanding the risks involved.


 

Comments

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