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Tims Trading Maxims

Tim provides 15 trading maxims or rules of thumb to guide traders, focusing on protecting capital, not overtrading, taking profits, waiting for high probability set ups, and following a consistent trading plan and risk management strategy. The maxims emphasize avoiding large losses, being patient for opportunities, and focusing on good trading processes rather than only outcomes.

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mr12323
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185 views1 page

Tims Trading Maxims

Tim provides 15 trading maxims or rules of thumb to guide traders, focusing on protecting capital, not overtrading, taking profits, waiting for high probability set ups, and following a consistent trading plan and risk management strategy. The maxims emphasize avoiding large losses, being patient for opportunities, and focusing on good trading processes rather than only outcomes.

Uploaded by

mr12323
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Tim's Trading Maxims (in no particular order)

1) Would you rather be in a trade wishing you were out or out of a trade wishing you were in.

2) There will always be another trade.

3) Never bet the farm.

4) The time to get pie is when pie is passed.

5) A line is never just a line, it's a zone.

6) There's no such thing as too much coffee.

7) Your first job is protecting your trading account.

8) Better to bank the pips you have than to wish on the ones you don't. (Joseph)

9) Don't worry if you left money on the table. It's not worth the ulcers.

10) Don't practice until you get it right, practice until you can't get it wrong.

11) You can only take what the market will give. (Mike)

12) A closed candle tells a story. Sometimes it lies.

13) To paraphrase Hippocrates, "First, lose no money." Wait for the right setup. Waiting is free.
(Mike C)

14) Picard: "Data, it is possible to commit no mistakes and still lose, that is not a weakness, that
is life!"

15) Just because it's a winning trade doesn't make it good trade, just because it's a losing trade
doesn't make it a bad trade. Good trades follow your plan, Bad trades do not. (Colin)

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