Dennis Sherman – A.K.A. ‘King Of Yen’

Trade Rules:

  1. Gap and fade the move be patient
  2. Don’t add to a loss
  3. Get out for a small loss or a great hedge! so you can look for a new Trade which will give a great win
  4. Respect the monthly trend, look to trade in the bias of the position Traders who influence the market and with that in mind enter at areas of confluence
  5. Don’t underestimate a $1win. It’s a + on top of your next win or loss and even $1 compounds wealth
  6. To have sentiment you must know fundamentals! don’t underestimate technical.
  7. There’s nothing new in trading so don’t try to reinvent the wheel what works now worked a 100 years ago
  8. If you can’t just buy in a rally for no reason other than it being a rally then you will never make money,
  9. If the market is moving up, then you really should be scaling of your positions and scaling their replacements back when the market is moving down.
  10. Don’t let a great win turn to your next loss
  11. Targets limit your potential to earn – Don’t pick targets!
  12. Execution at Volume At price at time Does make money and lots of it to. So, do business only at volume at price at time and again don’t pick targets.
  13. Don’t forget rule 11 so don’t pick tops and if you do pick a Top you just forgot rule 11
  14. If you forgot rule 12 then the market will thank you for handing your winnings back to the market. So, remember rule 12 and keep what you kill

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