Trading Mantra - 50 Golden Rules for Successful Trading

• Divide your capital into 10 equal risk parts.
• Never over trade.
• Never place order for BUY/SELL without stop loss conditions.
• Never let profit turn into loss.
• Trade with the trend.
• Never take lead you may lose heavily.
• Never try to be over smart.
• Don’t trade if trend not clear
• Don’t follow tips only.
• Use the right orders only.
• Withdraw portion of profits.
• Don’t be whimsical about closing your trades.
• Never buy a stock to get dividend.
• Never average your losses.
• Take big profits and small losses.
• Sell short as often as you go long.
• Never buy any stock just it is low priced.
• Pyramid your trades correctly.
• Decrease your trading after a series of successful trades.
• Don’t change your opinions during market hours.
• Don’t follow the crowd – they are usually wrong.
• Buy on rumor and sell on news.
• Take windfall gains when you get.
• Keep your charts up to date.
• Preserve your capital.
• Nothing ever new occurs in market.
• Markets are never wrong opinion may be.
• Never permit speculative ventures to turn into investments.
• Never try to predetermine your profits.
• Never buy a stock just because it is low priced or don’t sell just because it is high priced.
• Look for reasonable profits.
• Buy as soon as a stock makes new highs after a normal reaction.
• Ban wishful thinking in the market.
• Leaders of today may not be leaders of tomorrow.
• Don’t be too cautious about reasons behind the moves.
• Trade only the active stocks.
• Bear markets have no support and bull markets have no resistance.
• The smarter you are the longer it takes.
• It is very hard to get out of a trade than to get in.
• Don’t talk about what you are doing in the market.
• When time is up, markets must reverse.
• Control what you can; manage what you cannot.
• Big movements take time to develop.
• A good trade is profitable right from the start. If you cannot make money trading the leading issues you cannot make it trading the overall market.
• Avoid partnership in trading accounts.
• The human side of every person is the greatest enemy of successful trading.
• Money cannot be made every day in the market.
• As long as market is acting right don’t rush to take profits.
• Never buy a stock just because it has fallen from a great high, nor sell a stock because it is high priced.

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