spahiu trades

25 rules of ......

i've forgot where i found them but one should try to stick with them

#1 The Market pays you to be disciplined.
#2 Be disciplined every day,every trade and the Market will reward you.
Don’t claim to be disciplined if you’re not 100% of the time.
#3 Always lower your trade size when you’re trading poorly.
#4 Never turn a winner into a loser.
#5 Your biggest loser can’t exceed your biggest winner.
#6 Develop a methodology and stick with it.
Don’t change methodologies from day to day.
#7 Be yourself, don’t try to be someone else.
#8 You always want to be able to come back and play the next day.
#9 Earn the right to trade bigger.
#10 Get out of your losers.
#11 The first loss is the best loss.
#12 Don’t hope and pray.If you do, you will lose.
#13 Don’t worry about news.It’s history.
#14 Don’t speculate.If you do, you will lose.
#15 Love to lose money.
#16 If your trade is not going anywhere in a particular time
frame, it’s time to exit.
#17 Never take a big loss.Only a big loss can hurt you.
#18 Make a little bit everyday.Dig your ditches, don’t fill them in.
#19 Hit singles, not home runs.
#20 Consistency builds confidence and control.
#21 Learn to sweat out (scale out) your winners.
#22 Make the same type of trades over and over again.Be a bricklayer.
#23 Don’t over analyze.Don’t procrastinate.Don’t hesitate.If you do, you
will lose.
#24 All traders are created equal in the eyes of the Market.
#25 It’s the Market itself that yields the ultimate scale of justice.

Posted by spahiu at 1:07 AM