Five basic trading principles appear to be elemental to Mark Ritchie’s trading success. These can be summarized as follows: 1. Do your own research. 2. Keep each position size so small that it almost seems to be a waste of your time. 3. Have the patience to stay with a winning position as long as that position is working, even if it means keeping a single position for years. 4. View risk of open profits differently from the risk as measured from starting equity in a trade. The point is that in order to ride winning positions to their maximum potential, it is necessary to endure periodic losses
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