Golden Rules for Successful Trading

  1. Never over trade.
  2. Never place order for BUY/SELL without stop loss conditions.
  3. Trade with the trend.
  4. Never try to be over smart
  5. Don’t trade if trend not clear
  6. Withdraw portion of profits.
  7. Never average your losses.
  8. Take big profits and small losses.
  9. Never buy any stock just it is low priced.
  10. Decrease your trading after a series of successful trades.
  11. Take windfall gains when you get.
  12. Keep your charts up to date.
  13. Ban wishful thinking in the market.
  14. Trade only the active stocks
  15. Bear markets have no support and bull markets have no resistance.
  16. Control what you can; manage what you can not.
  17. Avoid partnership in trading accounts.
  18. Money cannot be made every day in the market.