Comments on: DENNIS GARTMAN’S NOT-SO-SIMPLE RULES OF TRADING

By: James Rodman

James Rodman — Sat, 23 Feb 2008 16:29:40 +0000

Todd -

Because Dennis is not one of the richest men on the planet, he is an idiot? The guy is very wealthy, appears on national television on a regular basis, and rights a widely followed newsletter. What have you done lately….nut job? Time for you to climb back under that rock, loser.

Uhhh.. now the case is closed.

By: James Rodman

James Rodman — Sat, 23 Feb 2008 16:29:06 +0000

Todd -

Uhhh.. now the case is closed.

By: Will R

Will R — Fri, 22 Feb 2008 17:05:31 +0000

On Rule # 1. Whatever happened to dollar cost averaging. I’ve bailed myself out very often by lowering my cost basis.

By: my1

my1 — Sun, 03 Dec 2006 22:56:26 +0000

Mike:
Rules 1-10 apply strictly to “TRADING” while 11-16 apply to “Investing” as well. In that case 7 and 11 would fall under two categories respectively.

By: Jason

Jason — Sun, 03 Dec 2006 20:06:36 +0000

I agree with Mike – how do you reconcile the contradiction between those two rules as an investor?

By: bushsux

bushsux — Sun, 03 Dec 2006 19:26:38 +0000

Never bet your lifestyle.
If you don’t bet, you can’t win.
If you are uncertain, stay out.

By: theroxylandr

theroxylandr — Sun, 03 Dec 2006 19:13:49 +0000

I can’t find a single rule of those that I would dispute. It’s like a multiplication table.

Adding more rules is not good either, as this stuff must fit on one page that you stick above your desk. There is no space for more rules out there :-)

By: ECONOMISTA NON GRATA

ECONOMISTA NON GRATA — Sun, 03 Dec 2006 19:10:19 +0000

Trading is probably the most counter-intuittive activity anyone can undertake. A market always looks the best at the highs and the worst at the lows. These trading rules are very good. One should always have rules. The most important rule I ever learned was to “STAY AWAKE!”.

Don’t ever let the outcome of a trade be a contingency for your happiness. “All Glory is Fleeting”.

By: Rob

Rob — Sun, 03 Dec 2006 18:20:38 +0000

17. All rules eventually cease to work.

By: Mike Gaffney

Mike Gaffney — Sun, 03 Dec 2006 18:03:13 +0000

Rules 7 & 11 seem to contradict, (depending on the definition of “Market”, I guess). “Buy when everyone is crying” to me means the overall market is going down. So pretty much nothing is “strong”, therefore, what would one invest in? I guys what you could go long puts?

I would add a rule to “be sure to take some profits off the table”.

A final rule: “Keep up with The Big Picture, IBD, and Kudlow & Co.”

Mike