Golden Rules for Successful Trading
1. Divide your capital
into 10 equal risk parts.
2. Never over trade.
3. Never place order for
BUY/SELL without stop loss conditions.
4. Never let profit turn
into loss.
5. Trade with the trend.
6. Never take lead you
may lose heavily.
7. Never try to be over
smart.
8. Don't trade if trend
not clear.
9. Don't follow tips
only.
10. Use the right orders
only.
11. Withdraw portion of
profits.
12. Don't be whimsical
about closing your trades.
13. Never buy a stock to
get dividend.
14. Never average your
losses.
15. Take big profits and
small losses.
16. Sell short as often
as you go long.
17. Never buy any stock
just it is low priced.
18. Pyramid your trades
correctly.
19. Decrease your trading
after a series of successful trades.
20. Don't change your
opinions during market hours.
21. Don't follow the
crowd - they are usually wrong.
22. Buy on rumor and sell
on news.
23. Take windfall gains
when you get.
24. Keep your charts up
to date.
25. Preserve your
capital.
26. Nothing ever new
occurs in market.
27. Markets are never
wrong opinion may be.
28. Never permit
speculative ventures to turn into investments.
29. Never try to
predetermine your profits.
30. Never buy a stock
just because it is low priced or don't sell just because it is high priced.
31. Look for reasonable
profits.
32. Buy as soon as a
stock makes new highs after a normal reaction.
33. Ban wishful thinking
in the market.
34. Leaders of today may
not be leaders of tomorrow.
35. Don't be too cautious
about reasons behind the moves.
36. Trade only the active
stocks.
37. Bear markets have no
support and bull markets have no resistance.
38. The smarter you are
the longer it takes.
39. It is very hard to
get out of a trade than to get in.
40. Don't talk about what
you are doing in the market.
41. When time is up,
markets must reverse.
42. Control what you can;
manage what you cannot.
43. Big movements take
time to develop.
44. A good trade is
profitable right from the start.
45. If you cannot make
money trading the leading issues you cannot make it trading the overall market.
46. Avoid partnership in
trading accounts.
47. The human side of
every person is the greatest enemy of successful trading.
48. Money cannot be made
every day in the market.
49. As long as market is
acting right don't rush to take profits.
50. Never buy a stock
just because it has fallen from a great high, nor sell a stock because it is
high priced.
We request you to
follow above rules strictly and religiously to maximize your profits in the
stock market.
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