40 basic rules for the trader
A. Plan your trade. Trade your plan.
Two. Write down your results.
Three. Keep a positive infusion regardless of your loss.
4. Do not bring work home from the market.
Five. Permanently increase the level of your goals.
6. Buy on bad news and sell into good.
7. Do not be afraid to buy high and sell low.
Eight. Always have a well-planned time to study the market.
9. Insulate yourself from the opinions of others.
10. Stay calm, persistent and consistent, act rationally.
11. Limit your losses - Use of the foot!
12. Never cancel a stop after you have placed it.
13. Never enter a market because you are tired of being off the market. Being out of position - this is also the position.
14. No need to enter and exit the market too often.
15. Traders learn from loss - not for profit. Learn every loss to improve their knowledge of the market.
16. The biggest challenge in trade - not a prediction, and self-control. Successful trading is difficult and is often accompanied by negative emotions. The most important element of successful trading - is you.
17. Always discipline yourself by following a pre-defined rules.
18. Remember that a bear market can break down over the last month is that you have built a three-month bull market.
19. Do not allow to turn a large profit in a big loss - trading put-foot by 20%.
20. You must have a plan, you need to know your plan - and you have to follow it.
21. Expect a loss and take them with dignity. Those who brood on the loss, be sure to miss the next opportunity, which is likely to be profitable.
22. Share your profits in half, and never risk more than 50% of the profits by acting against the market.
23. The key to successful trading - the study itself.
24. The difference between getting in the market and losing it is not so much natural ability as the ability to responsibly explore its own errors.
25. Think of the loss as a step towards victory.
26. You have accepted loss? Forget about it quickly. You get the profit? Forget it even quicker. Do not let selfishness and greed interfere with your clear thinking and hard work.
27. One of the most important secrets of traders - balance their desires with the desires of the market. Market - it is the truth, because it reflects all forces fighting there.
28. It is much easier to enter a trade, than to get out of it.
29. If the market does not do that. What would you expect from it - get out of the market.
30. Never add to a losing position. Losing position means you are wrong.
31. Do not try to predetermine your profits.
32. The key to wealth in the trade - simplicity. Avoid techniques you do not understand.
33. Do not be too curious about the causes that advance the market.
34. Beware of too many open positions, which can affect your emotions. Do not be too aggressive in the market. Treat him gently, let your profits grow gradually, and not an explosion.
35. Do not attempt to identify the peaks and peaks.
36. You have to believe in themselves and in their ability to talk sensibly, if you want to win in this game.
37. On a thin market, do not try to guess in which direction will the next big move - up or down.
38. In the world of money, no one knows what will happen in the future. No one! Therefore, successful traders do not try to put their positions on the basis of what is to happen, and reacting to what has already happened.
39. If the ship sinks, do not hesitate - jump!