As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Sunday, 4 July 2010

Four Simple Rules for his Turtles

The lessons Richard Dennis taught his Turtles in the class can be boiled down to four simple rules:

  1. Trade with an edge - Make sure that you have a trading strategy that will make money.
  2. Manage Risk - Don't trade with so much leverage that you risk losing everything.
  3. Be consistent - Do this to reap the benefits of your trading strategy.
  4. Keep it simple - Don't try to make trading more complicated than it actually is.
"The great irony of trading is that it is difficult precisely because it is so very simple." - Curtis Faith

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