Trading Do’s and Don’ts

Hi All,
These are some trading do’s and don’ts which I picked up from a website, hope you find them useful:

Trading Rules: Do’s

• Trade to Make Money – Not for Fun and Games

• Concentrate in one asset class or instrucment

• Learn Quirks of Other Traders and Brokers

• When Initiating a Trade – always get the Edge
Buy the Bid – Sell the Offer

• When Liquidating a Bad Trade – give up the Edge
Hit the Bid – Take the Offer

• A Scratch Trade is a Winner

• Make One Tick on a Million Trades
Not a Million Ticks on One

• Learn from Others Traders Mistakes

• DISCIPLINE – DISCIPLINE – DISCIPLINE

 

Trading Rules: Don’ts

• Do Not be a Tradaholic

• Never add to a Bad trade
Once you have a Profit – Never let it Become a Loss

• Don’t be a One-Way Trader – Be Flexible

• Never Leave the Pit – or Your Desk

• Three Losing Trades in a Row Rule

• NO HOPING – NO WISHING

• NO PRAYING – NO OPINIONS

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Category: Make Me Some Money Ideas, money, Trading


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