And We're Off and Running!

Last night, the Central NC Traders Group (a.k.a. Triad Traders) of INVESTools held its second meeting in Jamestown. The meeting was attended by about 12 members. It was a very productive meeting as it introduced the group to new members and new ideas.

This blog will serve as a gathering point in which we can all share experiences, trading ideas, trading strategies and so on. The only DUMB QUESTION, is the one that IS NOT ASKED! So ask away!

To add your ideas, just post a COMMENT (the bottom right link on any post) the most recents ones are better and I'll try to put up charts on stocks the members are looking at so we can all review them together. Check this blog often!

As a parting idea, here are my "Trading Rules." (These are not Strategy Rules)

Iron Condor Asset Management - Trading Rules

"The Rules are the Rules because they are THE RULES."

1. Patience
2. Discipline
3. The Trend is my Friend until it Ends
4. Plan every trade, trade every plan
5. Maximize Profits
6. Minimize Losses (1% max/trade, 6% max/month)
   
7. Every trade must have a stop-loss in place
8. When a trade moves in my favor, move my stop loss up to capture profits
9. All trades must be ready to play by 9:30 AM
10. When possible, clear all trades through INVESTools Hotline
11. Maintain trading journals for all trades including chat transcript, and opening and closing charts.

"Focus on trading well, and the results will speak for themselves."

Happy Trading!