Day Traders needs to be reminded time and again related to a few golden rules for trading which will help them to make money even as a novice trader provided they follow those rules religiously. Golden rules from Art of trading book are as enumerated below:
1. One can divide the capital into 10 parts.
2. Trade in high volume stocks with sound fundamentals with adequate intraday volatility.
3. Trading plan is a secret to becoming rich from day trading.
4. Trade only in 3-4 stocks per day and do not over trade in exhuberance.
5. Going short is also an art to be successful in trading.
6. If trend is not clear, avoid trading and take a break.
7. One must withdraw a portion of profit.
8. Be realistic in approach and do not expect profit from all trades.



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