ALL TIME TOP GOLDEN
RULES FOR TRADING:
1.
Always trade with an
actual stoploss.
2.
Trade with adequate
capital. Otherwise you can easily lose out early.
3.
Make a trading system of
signals which determine your entry and exit. Don’t do it on your hunch or
guesswork of market and stock moves. Test your trading system/rules until
it proves itself wrong.
4.
Never trade on loan
money.
5.
Never risk more than 5%
of your trading margin on one single trade.
6.
Forget the result of
your last trade; be it profit or loss. Every new trade is new game.
7.
Always keep your risk
reward ratio above 1.5 or 2 or more.
8.
Never ever average
your losing trades.
9.
Let your profitable
trades run.
10. Stop
trading/take break after consistent series of losses or profits.
11. Be
completely clear why you are trading. Don’t trade for only money. Trading is a
journey and not a destination. Trading is not a job, it is a business. Expect
not to get paid for days, weeks, months and even for a full year as in business.
Trade because you love it. Never trade for fun, excitement or kill the boredom.
12.If you
are completely new, start with paper trading, but don’t remain in paper
trading. If you are relatively old then start with smaller positions and
increase your volume as you go ahead with development of your trading system
and right trading mental attitude.
13.Remain
emotionally detached and completely rational.
