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  The 24 Most Important Rules Of Trading  Always Cut your losses and let your profits run. Take small losses and large wins. Once you have defined the trend, trade only in that direction. Always have a game plane. Never enter a trade unless you know where you should get in and where you should get out. Always use a protective stop to limit your losses. Be patient. Wait for the right opportunities. Don't just trade for the sake of trading. If the reason you entered the trade is no longer there, get out.  Do your homework. By the time you enter a trade you should already know what you are going to do and what you expect from the trade. Placing a trade should be the easiest part of trading. If you are still trying to work things out when you enter the trade you are not ready for that trade. If your method of trading is working, don't change it. The market is never too high to buy or to low to sell. Every trader has losses, don't let your losses get to you psychologically. Th...

  Average Directional Movement Index (ADX) Hi, this is Ty Young with Surefire-Trading.com and today I will be discussing the Average Directional Movement Index (ADX), which is comprised of the positive Directional Indicator (+DI) and the negative Directional Indicator (-DI). History Have you ever heard of the game where everyone sits in a circle and the first person in the circle tells the next person a piece of information? That person then secretly relays that bit of info to the next person…and on and on it goes until the information has passed through everyone in the circle. And when the last person in the circle discloses the sentence he or she received, low-and-behold, generally without exception, the “little one-liner” has been so distorted that the context can hardly be recognized. And so it is with the study of directional movement. In studying these indicators, I found a lot of conflicting data being propagated by ill-advised traders – even many of the defining terms had b...