40 classic trading rules, time-tested for survival trader
1. Plan your trade. Trade your plan.
2. Record your results.
3. Keep a positive infusion regardless of your loss.
4. Do not bring work home from the market.
5. Constantly raise the level of your goals.
6. Buy on bad news and sell on good.
7. Do not be afraid to buy high and sell low.
8. Always have a well planned time for studying the market.
9. Insulate yourself from the opinions of others.
10. Stay calm, persistent and consistent, act rationally.
11. Limit your losses - use stops!
12. Never cancel a stop after you have placed it.
13. Never enter a market because you tired of being out of the market. Being out of position - is also a position.
14. No need to enter and exit the market too often.
15. Traders learn from losses - not to profit. Learn every loss to improve their knowledge of the market.
16. The biggest challenge in the trade - not a prediction, and self-control. Successful trading is difficult and often accompanied by negative emotions. The most important element of successful trading - it's you.
17. Always discipline yourself by following predetermined rules.
18. Remember that a bear market may be a month to destroy what you have built a three-month bull market.
19. Do not allow to turn big profits in big loss - put trading stops at 20%.
20. You must have a plan, you need to know your plan - and you should 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. Divide your profit in half, and never risk more than 50% of profits by acting against the market.
23. The key to successful trading - the study itself.
24. The difference between acquiring and losing in the market there 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 took loss? Forget about it quickly. You get profit? Forget it even quicker. Do not let the selfishness and greed stand in 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 - this is true, because it reflects all the forces fighting there.
28. It is much easier to get into a trade, than to take it.
29. If the market does not do. what you expect from it - get out of the market.
30. Never add to losing positions. The losing position means you are wrong.
31. Do not try to predetermine your profits.
32. The key to wealth in trade - simplicity. Avoid techniques you do not understand.
33. Do not be overly curious about the causes that advance the market.
34. Beware of too much open position, which can affect your emotions. Do not be too aggressive in the market. Treat him gently, let your profits grow gradually, rather than an explosion.
35. Do not attempt to identify the peaks and peaks.
36. You have to trust yourself and your ability to talk sensibly if you want to win in this game.
37. On a thin market, do not try to guess which side will be the next big move - up or down.
38. In the world of money, no one knows what will happen in the future. No! Therefore, successful traders do not try to put their positions on the basis of what is to happen and react to what has already happened.
39. If the ship sinks, do not hesitate - jump!
40. Lose your ability - but not money. With the notable exception of the unusual conditions, take in the habit of using stop-profit. Do not reproach myself if the price continues to grow without you. It is better to think of cases where timely profit taking prevented the loss.
1. Plan your trade. Trade your plan.
2. Record your results.
3. Keep a positive infusion regardless of your loss.
4. Do not bring work home from the market.
5. Constantly raise the level of your goals.
6. Buy on bad news and sell on good.
7. Do not be afraid to buy high and sell low.
8. Always have a well planned time for studying the market.
9. Insulate yourself from the opinions of others.
10. Stay calm, persistent and consistent, act rationally.
11. Limit your losses - use stops!
12. Never cancel a stop after you have placed it.
13. Never enter a market because you tired of being out of the market. Being out of position - is also a position.
14. No need to enter and exit the market too often.
15. Traders learn from losses - not to profit. Learn every loss to improve their knowledge of the market.
16. The biggest challenge in the trade - not a prediction, and self-control. Successful trading is difficult and often accompanied by negative emotions. The most important element of successful trading - it's you.
17. Always discipline yourself by following predetermined rules.
18. Remember that a bear market may be a month to destroy what you have built a three-month bull market.
19. Do not allow to turn big profits in big loss - put trading stops at 20%.
20. You must have a plan, you need to know your plan - and you should 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. Divide your profit in half, and never risk more than 50% of profits by acting against the market.
23. The key to successful trading - the study itself.
24. The difference between acquiring and losing in the market there 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 took loss? Forget about it quickly. You get profit? Forget it even quicker. Do not let the selfishness and greed stand in 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 - this is true, because it reflects all the forces fighting there.
28. It is much easier to get into a trade, than to take it.
29. If the market does not do. what you expect from it - get out of the market.
30. Never add to losing positions. The losing position means you are wrong.
31. Do not try to predetermine your profits.
32. The key to wealth in trade - simplicity. Avoid techniques you do not understand.
33. Do not be overly curious about the causes that advance the market.
34. Beware of too much open position, which can affect your emotions. Do not be too aggressive in the market. Treat him gently, let your profits grow gradually, rather than an explosion.
35. Do not attempt to identify the peaks and peaks.
36. You have to trust yourself and your ability to talk sensibly if you want to win in this game.
37. On a thin market, do not try to guess which side will be the next big move - up or down.
38. In the world of money, no one knows what will happen in the future. No! Therefore, successful traders do not try to put their positions on the basis of what is to happen and react to what has already happened.
39. If the ship sinks, do not hesitate - jump!
40. Lose your ability - but not money. With the notable exception of the unusual conditions, take in the habit of using stop-profit. Do not reproach myself if the price continues to grow without you. It is better to think of cases where timely profit taking prevented the loss.
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