Golden Rules of Trading:-
Discipline:
Discipline is doing right thing at the right time...every time! Survival in this business is dependent on the right decisions.
Risk Management:
Always use stop loss. Don't hold or average loosing position. The Market is Always Right:
Don't UNDERESTIMATE the power of Market. Do not try to IMPOSE your own theory on the market and try to BE RIGHT to satisfy your EGO.
Trade Probabilities Not Tips:
Trading on tips is gambling. Traders always use their own trading patterns which are suitable to them. Using their trading ideas ends up in making losses.
Losses are the Part of Trading:
Making Losses is the part of trading business. Even Best Traders also loose money.You will never win 100% times.Follow Money Management:
Don't take over exposure or do over trade. This will destroy you as a trader. Without the implementation of strict adherence to money-management principles, even the best trading strategy will not succeed
Learning techniques in trading
is same as learning MBBS / IIM finance MBA
we have to learn skills first and you will get returns after successful completion of the learning. So learning should be everywhere before
Discipline:
Discipline is doing right thing at the right time...every time! Survival in this business is dependent on the right decisions.
Risk Management:
Always use stop loss. Don't hold or average loosing position. The Market is Always Right:
Don't UNDERESTIMATE the power of Market. Do not try to IMPOSE your own theory on the market and try to BE RIGHT to satisfy your EGO.
Trade Probabilities Not Tips:
Trading on tips is gambling. Traders always use their own trading patterns which are suitable to them. Using their trading ideas ends up in making losses.
Losses are the Part of Trading:
Making Losses is the part of trading business. Even Best Traders also loose money.You will never win 100% times.Follow Money Management:
Don't take over exposure or do over trade. This will destroy you as a trader. Without the implementation of strict adherence to money-management principles, even the best trading strategy will not succeed
Learning techniques in trading
is same as learning MBBS / IIM finance MBA
we have to learn skills first and you will get returns after successful completion of the learning. So learning should be everywhere before
