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| Never risk more than 10% of your trading capital in a single trade. |
| Always use stop loss orders.( Here you should know your loss you can give in a situation where the trade starts going against you.) |
| Never do overtrading. |
| Never let a profit run into a loss. |
| Don't enter a trade if you are unsure of the trend. |
| When in doubt, get out, and don't get in when in doubt. |
| Only trade active markets. |
| Distribute your risks equally among different markets. |
| Never limit your orders. Trade at the markets. |
| Extra monies from successful trades should be placed in a separate account. |
| Never trade to scalp a profit. |
| Never average a loss. |
| Never get out of the market because you have lost patience, or get in because you are anxiously waiting. |
| Avoid taking small profits and large losses. |
| Never cancel a stop loss after you have placed it. |
| Avoid getting in and out of the market too soon. |
| Be willing to make money from both sides of the market. |
| Never buy or sell just because the price is low or high. |
| Never hedge a losing position. |
| Never change your position without a good reason. |
| Avoid trading after long periods of success or failure. |
| Don't try to guess tops or bottoms. |
| Don't follow a blind man's advice. |
| Avoid getting in wrong and out wrong; or getting in right and out wrong. This is making a double mistake. |
| When you lose don't blame it on luck. |
