Cat Rule 1: The passion to trade is the passion to prepare to trade.
Cat Rule 2: Less is more.
Cat Rule 3: Hire it done - In the long run it is cheaper
Cat Rule 4: Concentrate on the big pictrure.
Cat Rule 5: Focus, Focus, Focus
Cat Rule 6: Do not force trades
Cat Rule 7: Sometimes the best trade is no trade.
Cat Rule 8: You cant trade like Whale unless you learn the basics.
Cat Rule 9: You must have the right tools.
Cat Rule 10: The trend is your friend, your ego is not
Cat Rule 11: You do not have to know how the race car is built to drive it to win.
Cat Rule 12: Count your money once a year.
Cat Rule 13: Once you find a diamond mine, work it until it pays out.
Cat Rule 14: Don't waste time reinventing the wheel.
Cat Rule 15: Concentrate on your diamond mine, not the surrounding countryside.
Cat Rule 16: When in doubt, sit on your hands.
Cat Rule 17: Trading is not investing - - an investor is a strategist;a trader is a tactician.
Cat Rule 18: Be careful not to get caught being penny wise and pound foolish
Cat Rule 19: Your only competitor is you.
Cat Rule 20: Most who fail at trading, listen but do not hear.
Cat Rule 21: Fast profits are often an illusion, because we tend to igore the fast losses
that went with them.
Cat Rule 22: The joy in life is in the wanting, not the having.
Cat Rule 23: Follow Winston Churchill's rule - never fail to relieve yourself just before
the market opens
Cat Rule 24: You are a professional trader - trading hours must be sacred...period.
Cat Rule 25: Winners do.....losers make excuses
Cat Rule 26: Eat beans and build your port..sport!
Cat Rule 27: Never short a runner
Cat Rule 28: No momo -no trade.
Cat Rule 29: To not trade may cost you profit, but to trade unprepared may well cost
you your port.
Cat Rule 30: Never trade when you are ill or distracted...there will always be other days.
Cat Rule 31: A blown stop is the most expensive mistake you will ever make.
Cat Rule 32: The Market is always right and the system never makes a mistake.
Cat Rule 33: People make trading much harder than it is.
Cat Rule 34: Capital preservation uber alles!
Cat Rule 35: Never waste time worrying about taxes, taxes (fed state local) add up to
Cat Rule 36: A trader who does not have a tried and true method will suffer a lot more
emotional upheaval than on who is trading a successful trading plan.
Cat Rule 37: If you don't want to get hit with a poker, get a daytrader friendly broker.
Cat Rule 38: Doubling down is sure death.
Cat Rule 39: Slower is faster.
Cat Rule 40: Treat every trade like a scalp until it proves itself otherwise.
Cat Rule 41: We make life a struggle, and therefore we make trading a struggle.
Cat Rule 42: Nothing will work unless you do.
Cat Rule 43: Never trade against the 50 MA.
Cat Rule 44: Imitation is cheaper than invention!
Cat Rule 45: Do not hold a trade into economic news.
Cat Rule 46: If it can go either way, stay away.
Cat Rule 47: When the 50 MA goes flat, time to grab your hat.
Cat Rule 48: Patience pays big dividends.
Cat Rule 49: No trade is important - there will always be another opportunuity.
Cat Rule 50: Never pay more than 10% down, and never pay a penny more until the
job is completed.
Cat Rule 51: Scared money never wins!!
Cat Rule 52: You cannot grow unless you are wiling to embrace the truth.
Cat Rule 53: The longer the trade, the greater the risk.
Cat Rule 54: Trading is a profession where absolutely no excuses are tolerated.
Cat Rule 55: Develop a winning attitude, because if your attitude is good, nothing can
stop you, but if it is bad....nothing can help you!
Cat Rule 56: Don't be a fanatic!
Cat Rule 57: Sometimes, there simple are no good setups.
Cat Rule 58: OBEY YOUR OWN RULES!!