|
My Trading Rules
Most of new trader spent a lot of money and time to look for trading system or winning formula(so call Trading strategy). In this internet era, they can get those stuff easily at their finger tips. But sorry for them that majority of novice traders lose money in the market. they are just like hungry hug crash into hunter's garner for the meal and never get a chance to have a good feed.
Why? because they did not recognize that the real powerful trading system is their MIND. In other words, they did not use their energy to develop their trading MIND. Instead of they rely on other people's ideas or opinions, this is what led to their troubles.
I can not say I am a successful trader, but I am a self-confident trader because I believe my own trading system - my MIND. I spend time to develop it and to strengthen it so that it has ability to manage my emotions, to abide iron discipline of trading, to institute the winning rules and to enforce me to observe these rules.
There are ten rules for my trading:
- Trade with the trend of the market as well as individual stock.
- Plan my trade and follow my plan.
- Trade what I see, not what I hear.
- Know my exit point before I enter trade.
- Never chase the price, let price come to me.
- Love to take a loss and never let profit turn to loss.
- Diversify my trading capital and have risk control in mind.
- Never over-trade and always control my emotions while trading.
- Think independently and learn from every trade(winning or losing).
- Be disciplined, patient , selective and responsible.
Lastly, remember our MIND is powerful!!!
|
|
|