Rules to be followed to be successful in trading
- Respect the market
- Protect your trading capital
- Making no money is better than losing money
- Risk only what you can afford to lose
- Have a solid strategy and follow it religiously
- Once in good profit, stop trading for the day
- Never revenge trade
- Never over trade
- Never be rigid or do ego trading, be flexible
- Follow the trend, always
- Follow the right position sizing
- Do right entries and exits
- Be strong in technical analysis
- Always justify your positions in a trade
- Respect your profits
- Learn from losses
- Home runs are sometimes good
- Avoid trading for the initial minutes post market opens
- Never act on tips