The 11 Trading Rules Of A Market Wizard – Marty Schwartz

Here is the article.

Marty Schwartz has always been my favorite trader from the Market Wizards book and I recently read his own book (Pit Bull: Lessons from Wall Street’s Champion Trader). In the following article I would like to discuss and revisit 11 of his personal trading rules and principles, which I also use to some degree in my own trading, that could help other traders improve their own trading and provide some insights how a professional trader approaches trading.

1. An object in motion will stay in motion
2. The Magic T Indicator
3. Red light / Green light
4. Don’t put stops below the low and above the high in a range
5. Put/Call contrarian indicator
6. Understand the news
7. Connect with your charts and work ethic
8. Use a checklist and a trading plan
9.