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10 Trading Tips Worth Having a Look

Posted By On 10/20/2010 10:55:00 PM Under
1. Always have a maximum daily loss limit... And stick to it
2. Always have a max loss on each position... And stick to it
3. Never add to losing trades
4. Risk/Reward Ratio is more important than Win Ratio
5. Learn to trade WITH the trend successfully before attempting counter trend trading
6. Define your trading rules and have the discipline to follow them
7. Avoid falling into the trap of believing that 1 technical indicator will make you rich
8. Stay objective and keep your emotions out of trading
9. Know when to employ your strategy and when to sit on the sidelines
10. Seek professional guidance in your quest for trading success
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