Rules for Stock Trading !!! - Human Resource Management Forum

Jayshree · #1 (**permalink**) 07-23-2008, 12:07 PM

· Never risk more than 10% of your trading capital in a single trade.
· Always use stop loss 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 your orders. Trade at the markets.
· Extra monies from successful trades should be placed in a separate account.
· Never trade to scalp a profit.
· Never average a loss.
· 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 cancel a stop loss after you have placed it.
· Avoid getting in and out of the market too soon.
· Be willing 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.
__________________
Regards,
Jayshree

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