Basic and Survival Rules
Basic Rules
- Never Trade with any form of impediment.
- Practice Patience and wait.
- Never Trade Illiquid Markets.
- Always keep cash in reserve.
- Want what the market wants.
- Stick to your plan.
- Always expect less.All our disappointments come from expectatins that are not fulfilled.
- Use the appropriate part of your brain in trading.
Trading Survival Rules
- Think in terms of Probabilities.
- Stay Focused on what you need to Learn.
- Proper Planning Prevents Poor Performance.
- Never Trade without a Clear Positive Mental Attitude.
- Never use hindsight; instead Look Ahead and Forward.
- Never make a trade unless you have conviction, a reason,
and a well thought out Plan. - Control your risk, and the profits will grow.
- End result is a byproduct of what you Know,
and how well you act upon what you Know.