1) Never place a trade without a stop order. It would be like swimming without a life jacket.
2) If you lose 3 trades in one day, stop trading. Avoid digging yourself in a huge hole.
3) If you earn decent amount of money in a trade, then dont allow yourself to lose money on that trade.
4) Always use a chart formation or technical reason to get into Stock market. Only use a signal to get into the Stock market. Dont just take a shot. You will usually get yourself in trouble if you take a shot.
5) Use the value area. It will help you to stay on the right side of the Stock market. Consistently trade on long side above value and the short side below value.
6) Always act with your best interest in mind. Try and do this with each and every trade you put on.
7) Relax with your trades. If you dont enjoy your trade then you will not be successful.
8) You dont have to trade everyday. Sometimes, just leave the Stock market alone and forget about it for a day. It usually refreshes you.
2) If you lose 3 trades in one day, stop trading. Avoid digging yourself in a huge hole.
3) If you earn decent amount of money in a trade, then dont allow yourself to lose money on that trade.
4) Always use a chart formation or technical reason to get into Stock market. Only use a signal to get into the Stock market. Dont just take a shot. You will usually get yourself in trouble if you take a shot.
5) Use the value area. It will help you to stay on the right side of the Stock market. Consistently trade on long side above value and the short side below value.
6) Always act with your best interest in mind. Try and do this with each and every trade you put on.
7) Relax with your trades. If you dont enjoy your trade then you will not be successful.
8) You dont have to trade everyday. Sometimes, just leave the Stock market alone and forget about it for a day. It usually refreshes you.
