The Four Cardinal Principles of Trading: How the World's Top Traders Identify Trends, Cut Losses, Maximize Profits & Manage Risk

by Bruce Babcock

This text illustrates the four principles of trading: trade with the trend, cut losses short, let profits run, and manage risk. It shows how to implement them successfully, and contains a series of... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0786310103
• ISBN13: 9780786310104
• Release Date: March 1996
• Publisher: McGraw-Hill Companies
• Length: 224 Pages
• Weight: 1.15 lbs.
• Dimensions: 0.8" x 6.3" x 9.4"

Customer Reviews

An XLNT book

The premise is simple, four rules, but it is the application from traders that have very different styles that make this book worthwhile. It's easy to say trade with the trend, cut your losses, etc. How do you define that? It depends on your trading method. It's not the same for everyone. The traders interviewed in this book walk through how they trade (or don't) based on these principles. Anytime you can look over another successful traders shoulder and see how they do it, it's invaluable. My copy is well worn and dog eared. Anyone that actually trades the markets would find this book well worth the money, and an excellent read.