1.Never let a winner
turn into a loser: Always make your own trading plan. Knowing how much you are
willing to risk on any one particular trade is just as important as knowing how
much you are willing to risk on trading in general.
2.Take profit: Margin is one of the
great advantages to trading Futures. The margins on futures products tend to be
far less than that of stocks.....
3.If you cannot afford to lose, you cannot
afford to win: As we have stated in Rule Four, losing is a natural part of
trading. If you are not in a position to accept losses, either psychologically
or financially, you have no business trading. In addition, trading should be
done only with surplus funds that are not vital to daily expenses.
4.If your are not sure
,don’t trade: If you're in a trade and feel unsure of yourself, take your loss or
protect your profit with a stop. If you are unsure of a position, you will be
influenced by a multitude of extraneous and unimportant details and will
probably end up taking a loss.
5.Be aware of the trend: It is vitally
important that a trader be aware of a strong force in the market, either
bullish or bearish.
No comments:
Post a Comment