GOLDEN RULES FOR TRADING

GOLDEN RULES FOR TRADING

• Divide your capital into few equal parts (preferably 10), never risk more than one part of your capital on any one trade.
• Trade only in active & high volume stocks/ futures.
• Always use stop-losses and  never over-trade and stick to your risk management rules.
• Never let profit turn into a loss. Use trailing stops to protect and lock your profits.
• Never get into the market because you are anxious from waiting, and never get out of the market just because you have lost your patience.
• Do not guess where the top and bottom of the market is, but let the market signal its top and bottom.
• Never average a loosing trade, also avoid taking small profits and big losses.
• Only trade with genuine risk capital, and be aware of the risk of losing.
• Always trade within your capabilities, financial and otherwise.
• Never let greed or fear take control over your winning positions.
• Avoid Tips & Rumors. This are spread by people with vested interests.  

GOOD LUCK ALL...........