This is what I was given to read when I started trading 17-18 years ago. Still remains as relevant as it was then.
I still have it on my desk.
A small #thread on 'STOCK MARKET TRADING RULES'.
I still have it on my desk.
A small #thread on 'STOCK MARKET TRADING RULES'.
1. Divide your trading capital into small equal parts. (Position size)
2. Use stop losses.
3. Don't overtrade.
4. Never allow profits to run into losses.
5. Trade with the trend.
6. If you don't understand what's going on, don't trade.
7. Trading tips don't make money.
2. Use stop losses.
3. Don't overtrade.
4. Never allow profits to run into losses.
5. Trade with the trend.
6. If you don't understand what's going on, don't trade.
7. Trading tips don't make money.
8. Learn when to use market orders & limit orders.
9. Go into a trade without a bias. The outcome of the last trade will not decide the outcome of the next trade.
10. Don't buy stocks just for dividends.
11. Don't average your losers.
12. Take big profits & small losses.
9. Go into a trade without a bias. The outcome of the last trade will not decide the outcome of the next trade.
10. Don't buy stocks just for dividends.
11. Don't average your losers.
12. Take big profits & small losses.
13. Don't buy something because it's low priced.
14. Take important decisions after market hours.
15. Don't follow the crowd, they are usually wrong.
16. Buy the rumour sell the news.
17. Take windfall profits when you get them
18. Always preserve the capital
14. Take important decisions after market hours.
15. Don't follow the crowd, they are usually wrong.
16. Buy the rumour sell the news.
17. Take windfall profits when you get them
18. Always preserve the capital
19. Don't trade the opinions.
20. Markets are never wrong, opinions often are.
20. You can't make money from markets everyday
21. Don't try to predetermine your profits
22. Never buy a stock because it's fallen sharply from 52 week high
23. Never sell a stock hitting 52 week high
20. Markets are never wrong, opinions often are.
20. You can't make money from markets everyday
21. Don't try to predetermine your profits
22. Never buy a stock because it's fallen sharply from 52 week high
23. Never sell a stock hitting 52 week high
24.Avoid wishful thinking in markets.
25. Big winners take time, have patience.
26. Leaders of today may not be leaders of tomorrow.
27. Bear markets have no support, bull markets have no resistance.
28. It's harder to get out of a trade than to get into one. Exits are difficult.
25. Big winners take time, have patience.
26. Leaders of today may not be leaders of tomorrow.
27. Bear markets have no support, bull markets have no resistance.
28. It's harder to get out of a trade than to get into one. Exits are difficult.
29. Control what you can, manage what you cannot.
30. The smarter you are the longer it takes to learn
31. The human side of every person is the biggest enemy of a successful trader.
32. You don't need brilliance to make money in stocks you need patience & Discipline.
-The End-
30. The smarter you are the longer it takes to learn
31. The human side of every person is the biggest enemy of a successful trader.
32. You don't need brilliance to make money in stocks you need patience & Discipline.
-The End-
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