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Trading Rules

Never risk more than 10% of your trading capital in a single trade. Always use stoploss orders.

(Here you should know your loss you can give in a situation where the trade starts going against you.)

  • Never do overtrading.
  • Never let a profit run into a loss.
  • Don’t enter a trade, if you are unsure of the trend.
  • When in doubt, get out, and don’t get in when in doubt.
  • Only trade active markets.
  • Distribute your risks equally among different markets.
  • Never limit of you orders. Trade at the markets.
  • Extra monies from successful trades should be placed in a separate account.
  • Never get out of the market because you have lost patience, or get in because you are anxiously waiting.
  • Avoid taking small profits and large losses.
  • Never average a loss.
  • Never cancel a stoploss after you have placed it.
  • Avoid getting in and out of the market too soon.
  • Be willingly to make money from both sides of the market.
  • Never buy or sell just because the price is low or high.
  • Never hedge a losing position.
  • Never change your position without a good reason.
  • Avoid trading after long periods of success or failure.
  • Don’t try to guess tops or bottoms.
  • Don’t follow a blind man’s advice.
  • Avoid getting in wrong and out wrong; or getting in right and out wrong. This is making a double mistake.
  • When you lose, don’t blame it on luck.