• Dave uses very specific rules for all of his trading activity. He uses a “checklist” to make sure each trade meets his very strict criteria.  No trade is taken unless it passes Dave’s stringent set of guidelines. He is a rules-based trader. Dave leaves nothing to chance.   


  • Dave is a position trader. Each trade is held from a few days to as long as several weeks. He is a trend follower. Based on years of research, Dave has concluded that trend following offers the most consistent rate of return over the long run.


  • Without question, Dave’s main focus is “preservation of capital.” In order to become a successful trader, the most important focus should be money management. Dave’s entire trading strategy revolves around protecting his investment capital. 


  • His trading approach involves the use of very tight protective stops. Dave gives each trade very little “wiggle room.”  If the trade doesn’t show a profit within the first 48 hours, he cuts his losses very quickly & moves on to the next trade.


  • Based on Dave’s years of meticulous research, most winning trades will reveal themselves within the first two trading days.  In other words, if a trade is losing money at the end of two days, the trade will probably be a loser.  It’s always a good idea to simply liquidate the trade & take a small loss. This is known as Dave’s “Two Day Rule.”  By following this simple rule, Dave has saved a tremendous amount of investment capital over the course of his 28-year trading career. 


  • Dave is a big believer in “cut your losses & let your profits run.”  Without question, this is the best way for traders to gain a small “edge” in the markets. Obtaining a small edge in the financial markets is the “key” to enjoying a successful trading career.