Gann's twenty-one trading rules
Law content
1. Every time you buy or sell in the market, the loss should not exceed one-tenth of the capital.
2. Always set up a stop loss position to reduce possible losses caused by mistakes in trading.
3. Never trade too much.
4. Never let your position turn from profit to loss.
5. Never go against the trend. When the market trend is not obvious, it is better to wait and see from the sidelines.
6. If in doubt, close the position and leave the market. Be decisive when entering the market, and do not enter the market when you are hesitant.
7. Only buy and sell in active markets. It is not suitable to operate when trading is light.
8. Never set a target price to enter and exit the market, avoid entering and exiting the market at a price limit, and only follow the market trend.
9. If you do not close your position without proper reasons, you can use the profit stop position to protect the profits.
10. After winning consecutive battles in the market, part of the profits can be withdrawn to prepare for emergencies.
11. Don’t buy stocks just for dividends and interest collection. (First in earning the market price difference)
12. When you suffer a loss in a transaction, be sure not to increase your bets like a gambler in order to spread the cost.
13. Don’t enter the market because you are impatient, and don’t close your position because you are impatient.
14. If you are willing to lose rather than win, quit. Don’t do business where you lose more and earn less
15. The stop loss position placed when entering the market should not be canceled at will.
16. If you do too much, you will make many mistakes. When entering the market, you must wait for opportunities and do not trade too closely.
17. You can go long and short freely, and you should not just do one side.
18. Don’t buy because the price is too low, and don’t sell short because the price is too high.
19. Never hedge.
20. Try to avoid pyramiding at inappropriate times.
21. Avoid indiscriminately changing the trading strategy of the stocks you hold without proper reasons.
Law content
1. Every time you buy or sell in the market, the loss should not exceed one-tenth of the capital.
2. Always set up a stop loss position to reduce possible losses caused by mistakes in trading.
3. Never trade too much.
4. Never let your position turn from profit to loss.
5. Never go against the trend. When the market trend is not obvious, it is better to wait and see from the sidelines.
6. If in doubt, close the position and leave the market. Be decisive when entering the market, and do not enter the market when you are hesitant.
7. Only buy and sell in active markets. It is not suitable to operate when trading is light.
8. Never set a target price to enter and exit the market, avoid entering and exiting the market at a price limit, and only follow the market trend.
9. If you do not close your position without proper reasons, you can use the profit stop position to protect the profits.
10. After winning consecutive battles in the market, part of the profits can be withdrawn to prepare for emergencies.
11. Don’t buy stocks just for dividends and interest collection. (First in earning the market price difference)
12. When you suffer a loss in a transaction, be sure not to increase your bets like a gambler in order to spread the cost.
13. Don’t enter the market because you are impatient, and don’t close your position because you are impatient.
14. If you are willing to lose rather than win, quit. Don’t do business where you lose more and earn less
15. The stop loss position placed when entering the market should not be canceled at will.
16. If you do too much, you will make many mistakes. When entering the market, you must wait for opportunities and do not trade too closely.
17. You can go long and short freely, and you should not just do one side.
18. Don’t buy because the price is too low, and don’t sell short because the price is too high.
19. Never hedge.
20. Try to avoid pyramiding at inappropriate times.
21. Avoid indiscriminately changing the trading strategy of the stocks you hold without proper reasons.