Friday, December 11, 2009

Trading Rules That Work (Golden Rules)


1.Always live with hope and ready to fight for a success consistently
2.All your Entries must have a statistical edge and Reasoning
(Expect momentum calls)
3.Patience and discipline in all your trade from entry to exit.
4.Be a jellyfish (swim along with the current flow)
5.Trade only scripts that is easily liquidable (e.g:- A Group shares)
6.Avoid trading in the opening and closing.Because the Market Behave erratic.
7.Know your exit points when you open a new position (and stick to them.)
8.When in doubt, reduce position size by 50%
9.Limit losses to 2% of total equity for any single trade
10.Start each day with a clean financial and emotional state of mind
(Be Neautral and adaptive to the present flow of the trend)
11.Do not take too many positions at one time/ Simultaneously.
12.Always be ready to accept and good/bad news which may favours/de-favours.

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