Seven Stock Trading Rules

Many of you have asked me if I plan on or have written a book on the subject of trading. I haven't yet, but plans are currently in the works for one. In organizing my notes recently, I've found a number of great trading rules that I've gathered along the way. Here are a few that I think are particularly helpful now:

1. Be on the correct side of the supply and demand forces at work.
2. Never upset the trading Gods by talking up your book. Hubris kills.
3. Risk must be embraced, not feared.
4. Reversals are always more lucrative than trends.
5. Cycles tend to change before you can take advantage of them.
6. Wishful thinking and emotional trading are a loser's game.
7. Never fall in love with a winning stock.