தினவர்த்தகத்தில் லாபம் செய்வது எப்படி என்பதை அறிஞர் ஒருவர்
ஆங்கிலத்தில் சில எளிய வழிமுறைகளில் கொடுத்துள்ளார். அதை நான் உங்களுக்காக
கீழே கொடுத்துள்ளேன், மொழிபெயர்ப்பு செய்ய நேரம் இல்லாமையால்
ஆங்கிலத்திலேயே கொடுத்துள்ளேன்.
1.
The first and most
important rule is - in bull markets, one is supposed to be long. This
may sound obvious, but how many of us have sold the first rally in every
bull market, saying that the market has moved too far, too fast. I have
before, and I suspect I'll do it again at some point in the future.
Thus, we've not enjoyed the profits that should have accrued to us for
our initial bullish outlook, but have actually lost money while being
short. In a bull market, one can only be long or on the sidelines.
Remember, not having a position is a position.
2.
Buy that which is showing strength - sell that which is showing
weakness. The public continues to buy when prices have fallen. The
professional buys because prices have rallied. This difference may not
sound logical, but buying strength works. The rule of survival is not to
"buy low, sell high", but to "buy higher and sell higher". Furthermore,
when comparing various stocks within a group, buy only the strongest
and sell the weakest.
3.
When putting on a trade,
enter it as if it has the potential to be the biggest trade of the year.
Don't enter a trade until it has been well thought out, a campaign has
been devised for adding to the trade, and contingency plans set for
exiting the trade.
4.
On minor corrections against
the major trend, add to trades. In bull markets, add to the trade on
minor corrections back into support levels. In bear markets, add on
corrections into resistance. Use the 33-50% corrections level of the
previous movement or the proper moving average as a first point in which
to add.
5.
Be patient. If a trade is missed, wait for a correction to occur before putting the trade on.
6.
Be patient. Once a trade is put on, allow it time to develop and give it time to create the profits you expected.
7.
Be patient. The old adage that "you never go broke taking a profit" is
maybe the most worthless piece of advice ever given. Taking small
profits is the surest way to ultimate loss I can think of, for small
profits are never allowed to develop into enormous profits. The real
money in trading is made from the one, two or three large trades that
develop each year. You must develop the ability to patiently stay with
winning trades to allow them to develop into that sort of trade.
8.
Be patient. Once a trade is put on, give it time to work; give it time
to insulate itself from random noise; give it time for others to see the
merit of what you saw earlier than they.
9.
Be
impatient. As always, small loses and quick losses are the best losses.
It is not the loss of money that is important. Rather, it is the mental
capital that is used up when you sit with a losing trade that is
important.
10.
Never, ever under any condition, add
to a losing trade, or "average" into a position. If you are buying, then
each new buy price must be higher than the previous buy price. If you
are selling, then each new selling price must be lower. This rule is to
be adhered to without question.
11.
Do more of what
is working for you, and less of what's not. Each day, look at the
various positions you are holding, and try to add to the trade that has
the most profit while subtracting from that trade that is either
unprofitable or is showing the smallest profit. This is the basis of the
old adage, "let your profits run."
12.
Don't trade
until the technicals and the fundamentals both agree. This rule makes
pure technicians cringe. I don't care! I will not trade until I am sure
that the simple technical rules I follow, and my fundamental analysis,
are running in tandem. Then I can act with authority, and with
certainty, and patiently sit tight.
13.
When sharp
losses in equity are experienced, take time off. Close all trades and
stop trading for several days. The mind can play games with itself
following sharp, quick losses. The urge "to get the money back" is
extreme, and should not be given in to.
14.
When
trading well, trade somewhat larger. We all experience those incredible
periods of time when all of our trades are profitable. When that
happens, trade aggressively and trade larger. We must make our
proverbial "hay" when the sun does shine.
15.
When
adding to a trade, add only 1/4 to 1/2 as much as currently held. That
is, if you are holding 400 shares of a stock, at the next point at which
to add, add no more than 100 or 200 shares. That moves the average
price of your holdings less than half of the distance moved, thus
allowing you to sit through 50% corrections without touching your
average price.
16.
Think like a guerrilla warrior.
We wish to fight on the side of the market that is winning, not wasting
our time and capital on futile efforts to gain fame by buying the lows
or selling the highs of some market movement. Our duty is to earn
profits by fighting alongside the winning forces. If neither side is
winning, then we don't need to fight at all.
17.
Markets form their tops in violence; markets form their lows in quiet conditions.
18.
The final 10% of the time of a bull run will usually encompass 50% or
more of the price movement. Thus, the first 50% of the price movement
will take 90% of the time and will require the most backing and filling
and will be far more difficult to trade than the last 50%.
There
is no "genius" in these rules. They are common sense and nothing else,
but as Voltaire said, "Common sense is uncommon." Trading is a
common-sense business. When we trade contrary to common sense, we will
lose. Perhaps not always, but enormously and eventually. Trade simply.
Avoid complex methodologies concerning obscure technical systems and
trade according to the major trends only.
VILVA SHARES
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