Wednesday, February 18, 2009

Trading Rules 1

1. Plan your trades. Trade your plan.

2. Keep records of your trading results.

3. Keep a positive attitude, no matter how much you lose.

4. Don�t take the market home.

5. Successful traders buy into bad news and sell into good news.

6. Successful traders are not afraid to buy high and sell low.

7. Successful traders have a well-scheduled planned time for studying the markets.

8. Successful traders isolate themselves from the opinions of others.

9. Continually strive for patience, perseverance, determination, and rational action.

10. Limit your losses - use stops!

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