1) Cut losses
2) Ride winners
2-1) Use an end-of-day approach
2-2) Identify what's really happening
2-3) Walk away
3) Keep bets small
4) Follow the rules without question
5) Know when to break the rules
-> Gut fell is often just as important as your trading rules
Ed Seykota: 5 Trading Rules That Actually Work - Daily Price Action
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