Don't risk > 10% of your trading capital in a single trade.
use stop loss orders every time.( you should know your loss where the trade starts is not in favour of you.)
Don't overtrade.
Avoid losses while in profits.
avoid entering in a trade if you are unsure about technical parameters.
If you have doubt a stock or a company, don't trade, when you are unsure don't get into the stock. Trade in active markets alone.
your risks should be equally distributed among different markets.
Don't limit your orders. Trade at the markets.
Additional revenues from positive trades take into separate account.
Never trade to scalp a profit.
Never average a loss.
Don't get out due to losing your patient & don't get into it due to waiting eagerly.
Avoid taking small profits and large losses.
Never cancel a stop loss after you have placed it.
Avoid getting in and out of the market too soon.
Eagerly wait to get the money from different sides of the market.
Don't buy just its low & don't sell just its high, look at the past performance & trends.
Never hedge a losing position.
Never change your position without valid reason.
Avoid trading after long periods of success or failure.
Don't guess tops or bottoms.
Don't follow the rumours of others.
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.
Gold down
10 years ago
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