The Opposite of What to Do

I made these rules because sometimes following the "Traditional Trading Rules" is hard to do. People are rebellious and don't like to be told what to do. So this is list of the exact opposite things to do. Just read over them to see how ridiculous they are, and maybe it will motivate you to "Do the Right thing".

(1)Don't have a Trading Plan. Trade haphazardly and without a clear purpose. That way if something goes wrong, its not clearly defined, and the fore its not really your responsibility.

(2)Don't Set Limits or Use Stops. Enter the Market without the Slightest Clue as to when you are going to Exit. Just get in. Have no idea where the market is likely to go. Just do what feels right.

(3)Ride your Losers and Hope they will come back. When you are in a losing Trade, Just hope that it comes back. If that does not work Pray. Pray to your God. If that does not work Pray to a new god. Keep trying to pray to new gods until the market starts coming your way. If that does not work try Scientology.

(4)Add money to your losing trades. Throw Good money after bad. If your trade is going against you, what better way to lower your cost then to add more money. If the Trade Comes back again, then you make that much more money. If it keeps losing you money, add more money until the trade starts working. If it does not work Repeat step 3.

(5)Sell your Winning Trades too Soon. As soon as you have a Winning Trade book your Profits immediately. Even though the market is rewarding you by putting money into your account, take those profits and be fearful that you are wrong. It is much better to sell Winners fast and Ride Losers Long.

Always Hope your Losing Trades will come back, and be Fearful your Winning Trades will reverse on you. This is a Crucial Step. The Good news is that your natural human instincts and emotions will guide you in this direction anyways.

(6)Focus on what you want to happen, Not What is most likely to happen. Don't worry about what the market is likely to do. Just keep focusing on what you want to happen. If you are long find all of the ways why the market should be going up. If you are short find all of the ways why the market should be going down. If you try very hard to visualize the market doing what you want, it will happen. Don't listen to anyone who has a different opinion than you. Remember they are always wrong and you are always right.

(7)Find someone or something to Blame if the Market does not go your Way. Get Angry. Throw your Furniture at the Walls, Blame the news, Kick your Dog, Scream, get emotional, get upset. Blame your Broker, Blame your Spouse, Blame your friends, Blame your Computer, Blame your Parents, Blame the weather. Just do not ever take responsibility for anything yourself.

(8)Keep doing what is not working. If something is not working, keep hoping that it will work. Then proceed to Repeat these steps until something changes.

(9)Watch CNBC and Bloomberg all day long. Who better to give you trading advice than from people who never trade on their own? Or from guest contributors who have a vested interest in promoting their positions? These people are obviously experts or else they would not be on Television. Glue yourself to the Television and Soak up the infinite Wisdom of these financial Geniuses.