The 28th Trading Rule and Ending Trading Statement Balance March 27th, 2012

IMPORTANT:  NEW e-Mail List Subscribe for Continued Content!

 

Hello Traders,

First of all, let’s get the trading statement out of the way.

March 27th, 2012:  Trading Statement

Now, let’s talk about the 28th Trading Rule … wow … do I have 27 trading rules … perhaps … I will have to think on that one a lot more … 🙂

Sharp Edges

Watch Sharp Edges!

What is the 28th Trading Rule?

This is a rule I placed into my trading because I have the tendency to try too hard at month end to trade more than I should and lose more money than I use to care to admit.

In the end, once again being a small account trader is all about survival and taking profits.  I cannot stress this point to you enough!  You have to be able to trade for another day.

When I look over today’s trading on Wednesday, March 28th, 2012, then I see the market traded down in pre-market and continued to move down during the trading day.

The 28th Trading Rule in my trading is to stand aside on or after the 28th of the month and stop trading until the next month starts.  This trading rule has saved me from a lot of non-trending markets since I put it to use.

That’s it … there really isn’t much to it … stop trading and pressing a market which doesn’t really like to be traded as it closes on month end.  Conserve your firepower for more opportune times to trade.

March 28th, 2012:  2000 Trades Chart

Good Trading,

David ‘Tiger’ Knight

 

 

About The Author

David M. Knight

I am a 30 Year Futures and Commodities Trading Veteran. In addition, I enjoy games of skill and chance like: poker, craps, blackjack and roulette. During my professional career, I have developed and implemented successful trading strategies and methods; along with winning systems in games of skill and chance. Join with me on our mutual journey together.