Serious traders have rules they ‘follow”. I too have a set of rules… somewhere. Once you’ve made a few hundred mistakes and a few dollars you start to follow rules automaticaly. A good rule to have for trading rules is not to have too many rules because then it is hard to break them if you only have a few and you don’t beat yourself up (as bad).
Here is a list of my favorite rules-
- Don’t lose money
- Trade only in the direction of G-Lines
- Use stops (with discretion)
- Set weekly goal (10 points for me)
- Be patient (but dont miss a move!)
- Accept a loss and move on
What is your favorite set of rules? Leave us a comment below
Leave a comment