Trading Rules
These are some of the trading rules which are universally  valid for stock trading. Take a print out and nail it on your desk.
» Never risk more than 10% of your trading capital in a single trade.
» Always use stop loss orders.( Here you should know your loss you can give in a situation where the trade starts going against you.)
» Never do overtrading.
» Never let a profit run into a loss.
» Don't enter a trade if you are unsure of the trend.
» When in doubt, get out, and don't get in when in doubt.
» Only trade active markets.
» Distribute your risks equally among different markets.
» Never limit your orders. Trade at the markets.
» Extra monies from successful trades should be placed in a separate account.
» Never trade to scalp a profit.
» Never average a loss.
» Never get out of the market because you have lost patience, or get in because you are anxiously waiting.
» Avoid taking small profits and large losses.
» Never cancel a stop loss after you have placed it.
» Avoid getting in and out of the market too soon.
» Be willing to make money from both sides of the market.
» Never buy or sell just because the price is low or high.
» Never hedge a losing position.
» Never change your position without a good reason.
» Avoid trading after long periods of success or failure.
» Don't try to guess tops or bottoms.
» Don't follow a blind man's advice.
» Avoid getting in wrong and out wrong; or getting in right and out wrong. This is making a double mistake.
» When you lose don't blame it on luck.
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