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