10-Trading Rules From Todd Harrison

Todd Harrison is the Founding Partner of CB1 and our Chief Investment Officer. Todd has spent over three decades on Wall Street managing risk and researching financial market strategies.

His institutional experience includes Morgan Stanley Global Equity Derivatives (VP), The Galleon Group (MD-Derivatives), and Cramer, Berkowitz LLC (President and Head of Trading).

Here are his rules about trading:

1. Respect price action but never defer to it.
2. Discipline always trumps conviction. Following a set discipline removes the emotional bias of conviction.
3. Opportunities are made up far easier than lost capital.
4. Emotion is the enemy of trading.
5. It’s far better to “zig” when others “zag”.
6. Be adaptive to the market. Failure to adapt leads to extinction.
7. Maximize reward relative to the risk taken.
8. Perception is reality in the marketplace.
9. When “unsure” — trade small or not at all.
10. Don’t let bad trades turn into investments.

Quote from Todd A. Harrison

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