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Dennis Gartman has been involved in the stock market for over three decades. He has also traded the foreign exchange and money market instruments. He is very familiar with trading Treasury bonds, Treasury notes and futures contracts.
To say Dennis Gartman is an experienced trader would be a gross understatement. For a man who has traded for so long, and has gained a wealth of experience; he has some basic trading rules and tips which have helped him in his trading journey.
Rule #1
Never add to a losing position. It is usually hard to admit when a trade goes wrong, but this happens quite a lot. And there is a tendency to add to that losing trade in the hopes that the market trend will reverse, Gartman advises against this. A better option is to close out the position and re-group, or let the trade close on its own without investing more in a bad trading decision.
Rule #2
Trade like a mercenary guerrilla; this means been sensitive to the general trading climate, and be ready to change strategy as the trading climate changes.
For example, if we were long on the EURUSD, and we start to notice unfavorable news releases which could have a negative impact on the EUR, and cause a decl…
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Daytrader21 avatar

Gartman is the supreme counter indicator that has ever existed, just fade him and you'll be a Billionaire:)

Margoshka avatar
Margoshka 17 Sep.

great!

Airmike avatar
Airmike 21 Sep.

nice article

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12/53
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This is a very touchy subject for many traders, because the primary reason why people go into the currency markets as an investment strategy is to make money. A business that does not yield positive returns is generally something people do not wish to associate with.
We all know the FX siren song, how trillions of United States dollars flow through the currency markets on a daily basis, and how it is easy to get a small chunk of that pie as a retail trader. This is very true, but where some traders get it wrong is when they expect to make money all the time.
The fact of the matter is that, there will be good and bad days. And the bad days can be very lousy, and can make a trader really doubt his ability to make profitable transactions.
But the bad days should never overshadow the good ones. When I say overshadow, I am not referring to our feelings or emotions.
No! I am referring to the monetary profit or losses of those good and bad days. This article is aimed at creating a right trading mindset to losing in the currency markets.
Risk
The first thing we should realize is that as people going about our daily businesses, we are always exposed to risk. On an average day, there are…
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Olga18375 avatar
Olga18375 25 Aug.

Yes, agree with people! Good job

Milian avatar
Milian 25 Aug.

good!

KATRIN_90 avatar
KATRIN_90 26 Aug.

Good job:)

anna_n avatar
anna_n 27 Aug.

very good!

Margoshka avatar
Margoshka 28 Aug.

good)

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