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Benzinga
Benzinga
Business
Tim Melvin

The Greatest Traders All Follow This One Simple Rule

Stock trader

I'm usually a long-term investor. It fits my nature, inclination, and personality. The short-term trades I engage in from time to time are typically arbitrage-related. That does not mean that I don't know anything about trading.

Many years ago, I conversed with one of the greatest traders of the last 100 years. He said that when studying markets, if something can be tested, it must be tested. Since then, I have tested thousands of different ideas, thoughts, concepts, and what I thought initially were grand epiphanies, including dozens of technical indicators.

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