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Tramline Trading: A practical guide to swing trading with tramlines, Elliott Waves and Fibonacci levels by John Burford

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My Eleven Commandments

I hope I have shown in my book how anyone, whether new to trading or experienced, can quickly gain an expertise that very few traders possess. My simple, visual, chart-based methods can alert you to potentially profitable trades in seconds. But it is one thing to have a great trading system and another to be able to implement it with discipline.

I have seen so many traders blow themselves up by making elementary errors that I offer these, my trading guidelines, which I hope you will find useful.

1. Preserve your capital

There is no dishonour in being wrong on a trade. Take only small losses on your losers and be glad (yes!) because they are small. The winners will take care of themselves. And never, never ever trade ...

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