TRADING RULES

Never cancel a stop loss order after you have placed it!

Place the stop at the time you make your trade.

Never get into the market because you are anxious because of waiting.

Avoid getting in or out of the market too often

Losses make the trader studious – not profits. Take advantage of every loss to improve your knowledge of market action.

The most difficult task in speculation is not prediction but self-control. Successful trading is difficult and frustrating. You are the most important element in the equation for success.

Always discipline yourself by following a pre-determined set of rules

Remember that a bear market will give back in one month what a bull market has taken three months to build.