: Rather than relying on a single signal, Diamond waits for three to five different technical indicators to align in the same direction before entering a position.
By mastering these rules, Diamond transitioned from a floor broker to a successful independent trader, proving that a conservative, rules-based approach can sustain a five-decade career in the markets. Trading as a Business: The Methods and Rules I'...
: He primarily executes trades on very short-term charts to capitalize on quick market momentum. : Rather than relying on a single signal,
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: He looks for a "free ride"—a trade that moves in his favor immediately. If the market does not react quickly, he exits to minimize exposure. Business Rules for Risk and Capital
A central tenet of Diamond's business model is capital preservation. To him, the primary goal is not making money, but .
Diamond argues that even the best technical system will fail without psychological control. He emphasizes: