To win in the trading game, we need to obey a few rules. Here is the breakdown of how we trade
1. When profits are presented we take them
2. We invest in as many asset classes as possible so we can keep account as diversified as possible
3. We keep positions as small as possible (and I mean small) to ensure one loss does not effect us that much
4. We trade on probabilities (options) when they stack up..
5. We trade both fundamentally and on probabilities. We do not let my emotions interfere with our trading system. We open a trade with the end in mind.
6. There will be many trades where we will insist that traders with smaller accounts do not take the trade. We eliminate risk as much as possible.
Elevation Code – A Complete Portfolio Management Service On Seeking Alpha