Martin J. Pring is the Chairman of Pring Turner Capital group, a money management and sub-advisory firm.He is the author of over 15 investment books & is an authority in Technical Analysis.
Rule#1: When in doubt, stay outRule#2: Never trade or invest based on hope
Rule #3: Act entirely on your own judgment or judgment of another person
Rule #4: Buy Low (into Weakness), Sell High (into Strength)
Rule#5: Don’t Overtrade
Rule#6: After a successful campaign, take a trading vacation
Rule#7: Take a periodic mental inventory to see how you are doing
Rule#8: Constantly analyze your mistakes
Rule#9: Don’t jump the gun by being impatient
Rule#10: Don't try to call every market turn
Rule#11: Never enter into a position without first establishing a risk- reward
Rule#12: Cut losses, let profits run