Magellan’s Trading Rules
1. Do not trade ETFs, Oil & Gas, Natural Resource, and Pharma Stocks;
2. Do not trade Premarket or after hours unless set up is very compelling (10% of average daily volume)
3. Once a trade goes against you, do not reverse sides automatically
4. If a trade goes against you, start by lightening up not be obtaining a better average price
5. Do not trade in the lunch hours unless a AAA setup or intraday catalyst appears
6. Do not trade price spikes based on rumors
7. Do not take any trades before 9:45 unless there is overwhelming directional movement
Magellan's Rules
Mon, 10/10/2011 - 13:42
Magellan's Rules
