The Market is Always Right

Download or read book The Market is Always Right written by Thomas McCafferty and published by McGraw-Hill Companies. This book was released on 2003 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rules for successful trading, direct from the traders who practice them every day Even with today's high-speed computers, online accounts, and information access, traders still live or die based on their abilities to control fear, greed, and emotion. The Market Is Always Right gives traders battle-proven advice for avoiding common trading setbacks by understanding human nature­­both their own and others'­­and directing it toward profitable outcomes. Distilling the wisdom of hundreds of traders, this proactive book starts with 10 overriding rules­­for example, "Evaluate your performance"­­and then lists the subrules within each, such as "Qualify and quantify your trading pattern." Other examples include: Never chase trades Watch the open­­don't trade it When in doubt, get out