PART I Getting in the Game RULE #1 Know Your Game 3 RULE #2 Have a Trading Plan 9 RULE #3 Think in Terms of Probabilities 15 RULE #4 Know Your Time Frame 23 PART II Cutting Losses RULE #5 Define Your Risk 31 RULE #6 Always Place a Protective Stop 37 RULE #7 Your First Loss Is Your Best Loss 43 RULE #8 Never Add to a Loser 47 RULE #9 Don’t Overtrade 51 PART III Letting Profits Run RULE #10 Keep Good Records and Review Them 59 RULE #11 Add to Your Winners 65 ftoc.qxd 9/20/06 10:34 AM Page vii RULE #12 Use Multiple Time Frames 71 RULE #13 Know Your Profit Objective 77 RULE #14 Don’t Second-Guess Your Winners 83 Part IV Trader Maxims RULE #15 Know the Limits of Your Analysis 91 RULE #16 Trade with the Trend 97 RULE #17 Use Effective Money Management 105 RULE #18 Know Your Ratios 111 RULE #19 Know When to Take a Break 117 RULE #20 Don’t Trade the News 123 RULE #21 Don’t Take Tips 129 RULE #22 Withdraw Equity Regularly 133 RULE #23 Be a Contrarian 137 RULE #24 All Markets Are Bearish 143 RULE #25 Buy/Sell 50% Retracements 149 RULE #26 The Only Indicator You Need 155 RULE #27 Study Winning Traders 161 RULE #28 Be a Student of Yourself 167

File: