5 Rules of Savvy Trading: Rule 1

Trade for a Living: Rule 1

Charlie Whooph, CFE
5 min readOct 9, 2023
Photo provided by Author via Premium License – FREEP!K

John Murphy, Alexander Elder, Toni Turner, Gerald Appel, and Linda Raschke have it figured out and trade equities. professionally. How can I have fun making money as a trader? These simple rules make it a blast!

Each of these trading experts comes from diverse professions and backgrounds. John Murphy wrote the text which is used in preparation for the Globally recognized STA designation, Society of Technical Analysts. Toni Turner was a work-at-home Mom when invited to go to Wall Street and learn to trade on the floor of the New York Stock Exchange. Alexander Elder was born in Leningrad, served as a ship’s doctor, jumped ship from a Soviet vessel, and was granted asylum in the United States. He trades full-time. Gerald Appel is the inventor of the MACD, the most popular technical analyst’s market indicator now in use for over 40 years. Raschke gives 50 very good guidelines centered on human nature, behavior, and market psychology.

They’ve published works and have much to share in the way of advice, lessons, and best of all strict rules that a trader should heed to study and master the discipline and art: Trading for a Living.

Writers Contribution

I’m an ex-engineer and full-time trader. My credentials as a trader amount to a…

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Charlie Whooph, CFE

Risk Consulting, Fraud Examiner (CFE), Full-time Swing Trader