This is a list of the classic trading rules that I gave at the time when I was traded in the exchange hall in 1984. More senior trader collects the rules of classical literature on trade in the twentieth century. It is obvious that these rules are passed the test of time.
I am confident that many traders have met with those rules in one form or another, but in this form they are quite compact and well-edited, which makes them easy to read.
1. Plan your trade. Bidding in accordance with its plan.
2. Keep records of their trading results.
3. Keep a positive attitude, regardless of how much you lost.
4. Do not take the market home.
5. Continuing to set higher goals.
6. Successful traders buy on bad news and sell on good news.
7. Successful traders are not afraid to buy high and sell low.
8. Successful traders have a clear - painted a scheduled time to study the market.
9. Successful traders isolate themselves from the views of others.
10. Constantly working on patience, perseverance, determination, and rationality in their actions.
11. Limit your losses - use stop-orders!
12. Never cancel a stop order after you placed it!
13. Place a stop order when you enter the market.
14. Never enter the market just because you are tired of waiting.
15. Do not enter or leave the market too often.
16. Losses make diligent trader rather than a profit. Exploited by every loss to improve their knowledge of the market.
17. The most difficult task in speculation - not predicting and composure. Successful trading is difficult and boring. You and only you are the most important element of its success.
18. Always discipline yourself by following the predefined set of rules.
19. Remember that the bear market will give it a month later, on that market bychemu took three months.
20. Do not let big win turned into defeat. Stop, if the market moved against you by 20% from your peak profit point.
21. You must have a program, you must know your program and you must follow your program.
22. Expect and accept the loss easily. Those who always thinks about the loss, misses the next opportunity, which is more than likely to be profitable.
23. Divide your profit in half, and never risk again in the market for more than 50% of them.
24. The key to a successful sale is knowing yourself and the limit voltage.
25. The difference between winners and losers is not so much natural ability, but rather the discipline shown by the avoidance of mistakes.
26. In trade, as in fencing, there are quick and the dead.
27. The word may be silver, but silence - gold. Successful traders do not talk about his success.
28. Dream of a great dream of the high. Very few people set for themselves very high goals. Man seeks to what he thinks constantly.
29. Take failure as a step towards victory.
30. You take a loss? Forget about it quickly. You have income? Forget about it even faster! Do not let your ego and greed to obscure clear thinking and hard work.
31. You can not do anything about yesterday. When one door closes, another door opens. A more significant possibility is always open for the door.
32. The main problem for the trader is to subordinate its desire to request the market. The market is always right, because it reflects all forces that relate to it. While the trader recognizes that he was safe. When he ignores this, he is doomed to loss.
33. Much easier to enter the market, than to withdraw from it.
34. If the market does not do what, in your opinion, he should do, then get out.
35. Beware of large positions that can control your emotions. Do not be overly aggressive with the market. Treat them gently, allowing your assets to grow steadily, rather than jumps.
36. Never add to a losing position.
37. Beware of attempts to choose the top or base.
38. You have to believe in themselves and their judgments, if you expect to earn a living in this game.
39. On a narrow market there is no sense to wait for the next big movement is going to be up or down.
40. The loss has never worried me, after I accept it. I forget about it immediately. But being wrong and do not take the loss - that is what hurts the pocket, and self-evaluation.
41. Never give advice and never brag to their gains.
42. Of all the grave mistakes, there is little more than close a position, which shows the profit and keep the one which shows the losses.
43. Being outside the market - this is also the position.
44. It was more interested in market responses to new information than the information itself.
45. If you do not know themselves, the markets - this is an expensive place to check.
46. In the world of money, which is the world shaped by human behavior, nobody has even the vague notion of what will happen in the future. Remember - No! Thus, a successful trader is not based on what might happen but reacts instead to what is really happening.
47. In addition to exceptional circumstances, take over the habit of withdrawing their earnings fast enough. It suffers, if the market will continue to move in your direction after you exit. Most likely, it will not last too long. If this does happen, uteshte themselves, thinking about all the cases, when you are early enough retained earnings that would otherwise be lost.
48. When the market starts to drop, do not pray to jump up!
49. Losing their views, but not their money.
50. "Zarubite his nose," a set of trade rules that work for you.
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