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MONEY MANAGEMENT  |  March 1, 2001
Some Rules To Invest By
Originally published in Technical Analysis of STOCKS & COMMODITIES, our companion magazine, as "Some Rules To Trade By," this article, filled with common sense and down-to-earth advice, can be applied to investors as well as the traders for which it was initially written. Like a good trader, a good investor will have a trading plan; like a good trader, a good investor will have to know certain undeniable truths about his or herself, truths that will shape the way he or she invests. Here, then, are some guidelines for setting up your own investing rules, from the perspective of trading the markets. As you read this, keep in mind how much investors and traders have in common; for instance, for both traders and investors the topic of discipline is key, as well as understanding why you trade, or invest, the way you do so that you can use your investing capital most advantageously. Both traders and investors must learn to accept responsibility for their actions; the markets cannot be held responsible for any losses that you incur. Know how you invest, and have a reason for how you invest. And most of all, don't get overconfident, because whether you trade or invest, pride goeth before a fall.

Here, then, are some guidelines for setting not only your own trading rules, but, in essence, your investing life.
by Daryl Guppy

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