February 21, 2006 at 12:34 pm | | Comments 7

Good Stuff from Gartman

I believe we can learn a lot from other traders, and the mentality that keeps us willing to learn is the same one that allows us to take a small loss or book profit on the way up. We don’t need to be perfect in the trading business to do quite well! Having some trading rules in place sure can help, though.

Recently I ran across Dennis Gartman’s Rules of Trading, which I highly suggest you check out. Dennis a well-known trader and market analyst, and his rules can help any trader in any market.

My favorite rule of his?

“Do more of what is working and less of what is not working.”

Easy to remember and a great reminder to maximize winning trades and minimize the losses. Simple but not always easy!

What is your favorite trading rule?

Jeff White
President, The Stock Bandit, Inc.

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  1. Jeff: My husband taught me: never go against the trend. Also: the stock market climbs a wall of worry, and if I don’t watch it, that is the way I make my money, worrying all the way to a successful trade. Poor Jesse killed himself and died broke. What a shame, his picture is the first thing that greets you when you enter the stock market on
    wall street and his influence was overwhelming. A truly great prophet who was not honored in his own time, nor did he follow his own trading rules. I highly recommend Trading Wizards 1 and 2 if you want to pick up some other rules from contemporary and successful traders who picked themselves up many times until they made it.

  2. Market Wizards 1 & 2 as well as Stock Market Wizards are all on my Recommended Reading list over at They are all excellent, so I couldn’t agree more! Although Livermore’s life was a wreck, we can certainly all learn from his lessons, even if he didn’t. Thanks for your comment!

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