Trading strategy: Legend Richard Dennis shares secrets to millions - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Self-taught market wizard Richard Dennis took a $1600 loan and turned it into an estimated $200 million. He shares the (10-15) trading rules that turned his performance parabolic.

" series, entered the market fray the way most most plebes do: by throwing some things against the wall in hopes that something sticks.

"I would say I am self-taught," he said. "I had very pale ideas, rules, and attitudes about the market then. But a few that I learned were right, like go with the trend."— a market approach that leverages momentum and moving averages to discern buy and sell points. In time, the strategy would serve as the cornerstone of Dennis' entire trading methodology.

"The market being in a trend is the main thing that eventually gets us in a trade," he said. "Whatever method you use to enter trades, the most critical thing is that there is a major trend, your approach should assure that you get in that trend.""Yes, at a minimum, it is important not to have a short position with a loss on Friday if the market closes at a high, or a long position if it closes at a low.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Instagram star @MrsDowJones shares an inside look at a day in her life - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Multifamily real-estate investing: Jerome Myers shares 4-part strategy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Investing strategy, what to buy if interest rates rise: Morgan Stanley - Business InsiderMORGAN STANLEY: High-growth tech stocks are entering a dangerous phase that is being mostly overlooked. These 3 trades can help investors profit while minimizing the risk to their portfolios.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Google's strategy to boost Chrome concerned employees, emails reveal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Nassim Nicholas Taleb to speak at the Business Insider Global Trends Festival 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »