Dennis Gartman's 12 rules of all time
Mr. Gartman has been directly involved in the capital markets since August of 1974.
He was an economist for Cotton, Inc. in the early 1970′s.
Rule#1: Never add to a losing position.
Rule#2: Fight on the winning side while being ready to switch sides.
Rule #3: Mental capital is more at stake than monetary capital while trading.
Rule #4: Focus on buying high & selling higher.
Rule#5: In bull markets be long/neutral, and short/neutral in bear markets.
Rule#6: Irrationality & inefficiency are unavoidable factors in a market.
Rule#7: Sell those with the greatest weakness, and buy those with the greatest strength. Rule#8: Violent new action is indicated by gaps, try to trade the first day of a gap.
Rule#9: Go large and aggressively in good trading & small and modestly in poor trading Rule#10: Trade with a combination of the market's technical & trading fundamentals.
Rule#11: Respect "outside", "weekly" & "monthly" reversals Rule#12: Keep your technical systems simple.
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