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
