| Probably the most interesting rule for successful trading is to “Buy High and Exit |
| Higher, and Sell Low and Exit Lower.” This is counter-intuitive to what we all |
| have a natural inclination to do, which is buy low, sell high. Most great trading |
| strategies are counter-intuitive. They are not based on our normal human nature |
| and the normal human reaction to the markets. They consistently make money |
| because they are designed with market sense not human common sense. |
| In the final analysis, any market is just a collection of individuals making decisions |
| and placing money in the market based on these decisions. Most of these |
| individuals are doing what comes naturally to humans, buying low and selling |
| high. Statistics show that 95% of these people lose money. |
| To be a successful trader, you have to do the opposite of what this 95% is doing. |
| It isn’t easy, because it goes against your human nature. But any strategy that is |
| successful over time will most likely follow the rule of “Buy High, Exit Long |
| Higher and Sell Low, Exit Short Lower.” |
| NOTE: What you have just read has been presented solely for informational or |
| educational purposes. No investment or trading advice or strategy of any kind |
| is being offered, recommended or endorsed by the author or by TradeStation |
| Technologies or any of its affiliates, agents or employees. |