Saturday, September 17, 2005

Some thoughts for the weekend

In the September issue of SFO, trader Thomas N. Bulkowski has an article "lessons learned after 25 years of trading". Mr Bulkowski is the author of "encyclopedia of chart patterns", which I think lots of investors already read it. Honestly, I bought the book, but never finish it. Not because it is not useful, because it is too long, it has too much statistics in it, he made technical analysis too complicated.

But I love this article of his, he is right on and he made his points in a straight way. Here I enclose the points I also think they make sense.

1. use stops to limit losses
2. let profits run
3. buy near the yearly high
4. trade with trend
5. ignore news

For the detail of his article, please go to newsstand to get a copy. In conclusion, very insightful for the still-struggling traders.

1 comment:

JOHN DOE said...

Thanks for the article summary.