Jul 19, 2010

COMMON AND MUST TO KNOW TRADING RULES

  • Always have a trading plan. Never trade without a trading plan (a trading plan consists of a trading system which is made of few components)
  • Never trade without a StopLoss (Repeat 10 times).
  • Never ever hold on to a losing position. Never average/add to a losing position. (Repeat 10 times).
  • Let your profits growing. Add to your winning trades.
  • Trade on Rumors and Exit at news. But be care ful while following this strategy.
  • Never discuss your