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CNBC’s Jim Cramer has been an icon for retail stock traders and those that like to have some good time making money in the stock market. He provides sound advice for people that do not have the time to dedicate to become a professional stock trader.
This is a list of his “Ten Commandments of Trading”. Each one should be followed for earning profits in the stock market.
- Keep it a trade
- First loss is best
- Take your losses
- Trading gains, not investing losses
- Tips are for waiters
- No sale? No profit
- Control your losses
- Don’t fear that you’ll miss anything
- Don’t trade off only the headlines
- Don’t trade flow
Article Link: http://www.thestreet.com/static/10-commandments.html
Gary Kapanowski – Lean Six Sigma Master Black Belt – Excelsior
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