If you are investing or trading or both the best rules to guide you are the simplest.
Just like the popular book that came out "All I Needed to Know to Get Along I learned in Kindergarten"
So the best rule I learned was to be a lover not a fighter.
Keep it simple and sweet. The KISS syndrome.
Now for an example of this. The saying "Buy Low sell High". How simple of a statement is that?
How many people put that down as a rule of trading? It is too simple of a rule to write down.
I remember Einstein had a law of relativity, which I really don't understand other than someone explained it to me as everything in this universe has a measure of something relative to something else. So this is a profound statement that is very applicable to the market.
What is low compared to what. Take Enron. When it was going down hill everyone thought it was a better bargain until it went bankrupt. The latest on the reverse side as an example is ISRG. When it was at $100 everyone thought it was expensive, but it hit over $300 in less than a year.
So whenever you want to trade make sure you trade with the flow or the trend, don't fight the tape, go with the flow, etc.
All the Rules I use have the fundamental approach of KISS.

Today's obvious rule is Buy Low, Sell High. or Sell Higher and Buy Lower.

Now there are methods of allowing you to determine this action.
Trend following.
Breakouts.
Reversals.
Penat formation breakoouts.
Double and triple tops and bottoms.
Head and Shoulders
These are just a few of the technical analysis tools for traders to use but the fundamental rule is buy lower than you are going to sell it for.
Happy Thanksgiving week to all of yoou and your families.

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