4 February 2012

40 TRADING RULES WHICH ONE MUST FOLLOW


HI FRIENDS,


THIS IS THE CORE BASICS OF TRADING:-


1  TRADING IS SIMPLE BUT NOT EASY
2  WHEN YOU GET INTO TRADE WATCH FOR SIGNS YOU MIGHT BE WRONG
3  TRADING SHOULD NOT BE BORING
4  AMATEUR TRADERS TURN PROFESSIONAL WHEN THEY STOP LOOKING FOR NEXT INDICATOR
5  YOU ARE TRADING OTHER TRADERS NOT STOCKS OR FUTURES
6  BE VERY AWARE OF YOUR EMOTIONS
7  WATCH YOURSELF WHEN YOU ARE TOO MUCH EXCITED
8  DON'T OVER TRADE
9  IF YOU ARE COMING TO TRADING WITH IDEA OF MAKING BIG MONEY YOU ARE DOOMED
10  DON'T FOCUS ON MONEY
11  DO NOT IMPOSE YOUR WILL ON MARKET
12  BEST WAY TO MINIMIZE RISK IS NOT TO TRADE WHEN IT IS NOT TIME TO TRADE
13  THERE IS NO COMPULSION TO TRADE 5 DAYS A WEEK
14  REFUSE TO DAMAGE YOUR CAPITAL
15  STAY RELAXED ALWAYS WHILE TRADING
16  NEVER TURN YOUR DAY TRADE TO OVERNIGHT TRADE UNLESS THERE ARE TOO MUCH SIGNALS
17  KEEP WINNERS AS THEY ARE MOVING YOUR WAY
18  NEVER OVERWEIGHT YOUR TRADE
19  THERE IS NO LOGICAL REASON TO HESITATE IN TAKING STOP LOSS
20  PROFESSIONAL TRADERS ALWAYS TAKE LOSSES AS THEY TRUST THEMSELVES TO DO RIGHT
21  ONCE YOU TAKE A LOSS FORGET IT AND MOVE ON
22  FIND OUT WHAT LOSS PARAMETERS WORK BEST FOR YOU AND ADJUST ACCORDINGLY
23  GET A FEEL FOR MARKET DIRECTION BY DRILLING DOWN LOOKING AT MULTIPLE TIME FRAMES
24  DEVELOP CONFIDENCE BY DOING YOUR TRADE SETUP SAME WAY EVERY TIME
25  DON'T BE STUPID BY ADDING TO LOSERS
26  TRY TO TAKE POSITIONS IN PART IF NOT SURE ABOUT TRADE
27  RING THE REGISTER AND SCALE OUT A POSITION
28  NEVER LET YOUR EGO COME IN YOUR TRADE
29  WHEN EVERYONE IS RUNNING FOR STOCK ALWAYS TAKE PROFIT IN IT
30  EMBRACING YOUR OPINION LEADS TO FINANCIAL RUN
31  ALWAYS BE A DISCIPLINE TRADER AND NEVER TRY TO WIPE OUT YOUR TRADING ACCOUNT
32  SIPHON OUT YOUR PROFITS EVERY MONTH AND PUT THEM IN SEPARATE ACCOUNT
33  ALWAYS RISK SMALL MONEY IN YOUR PARTICULAR TRADE BY CALCULATING RISK
34  ALWAYS PROTECT YOUR CAPITAL AND STICK TO RISK REWARD RATIO
35  IN FINANCIAL MARKETS HERO'S OFTEN GET CRUSHED TO KEEP IT MIND ALWAYS
36  STICK TO YOUR TRADE RULES AND YOU WILL NEVER BLOW UP YOUR ACCOUNT
37  MARKET CAN RE ENFORCE BAD HABIT AVOID IT
38  TAKE PERSONAL RESPONSIBILITY FOR EACH TRADE
39  NEVER THINK HOW MUCH MONEY U CAN MAKE FROM TRADE FIRST THINK HOW MUCH RISK
40  WHEN YOU ARE NOT SURE ABOUT NEXT STEP OF MARKET NEVER TRADE






HAPPY MINTING..


THANKS & REGARDS,


HARSH DIXIT.

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