Basic Rules for Successful Trading (Part 2)

  • Cut your losses quick and let your prof
    it run.    •
  • Multiple time frames show strength of longer term market trends.•
  • Active trading kills your profit.
  • Never over trade
  • Never let a winner turn into a loser.•
  • Logic wins; impulse kills.•
  • Use both technical and fundamental analysis.
  • Always pair strong with weak.•
  • Being right and early means you are wrong.•
  • What is mathematically optional is psychologically impossible.•
  • Risk can be predetermined; reward is unpredictable.•
  • No excuses, ever.