20 RULES TO STOP LOSING MONEY

20 RULES TO STOP LOSING MONEY

1. Do not rely on other opinions

This is the money at stake, not yours. Make your own analysis, regardless of source of information.

2. I do not believe in the company

Trade is not the investment. Remember that the numbers and forget the press.

3. Do not break the rules

That for serious situations such as you are probably at this time.

4. Do not try to get even

Trade is not a game of make-to-date. Each position must be maintained on its own merits. Complete loss of composure, and take the next trade absolute discipline.

5. No commercial head

If his name is a buffet, or Cramer, do not trade much. Concentrate on the game, and do not bother to make money.

6. Do not seek the holy grail

It is no secret trading formula, other than solid risk management. So stop looking ga.

7. Remember that discipline

Learning the basics is easy. Most traders do not because of lack of discipline, not a lack of knowledge.

8. Not pursue the crowd

Play and beat their drums. At the time of the multitude of events, which is probably too late ... or too late.

9. No obvious trade

The most beautiful set of samples of the most painful loss. If it seems too good to be true, it probably is.

10. Do not ignore warning signs

Big losses rarely come without notice. Do not wait for a lifeboat to leave the sinking ship.

11. Do not count your chickens

The benefits are not recorded until the trade closes. In the market, given the market and takes away with great fury.

12. Do not forget the plan

Remember why we had the first trade, and should not be blinded by volatility.

13. Do not have a mentality of paycheck

You do not deserve anything for all their hard work. The market is only profitable when it is right, and that your time is very, very good.

14. Do not join the group

Trade is not a team sport. Avoid actions boards, chat rooms and financial TV. Want the truth, not blind support from others with their views.

15. Do not ignore your intuition

Respect Mali voice tells you what to do and what to avoid. It is the voice of the winner trying to reach the thick head.

16. I hate losing

We expect to win and lose with great regularity. Expected to teach it to lose the victory because that victory.

17. Do not fall into the trap of complexity

A well trained eye is more efficient than the battery of indicators. Common sense is more valuable than the copy of the test system.

18. Not to be confused with the possibility of execution

Overpriced software will not help you to trade like the pros. Beautiful colors and lights that fast trader, not better.

19. Project not his personal life

Commerce provides the perfect opportunity to discover how smelly your life really is. Find your house in order before playing the markets.

20. I do not think its fun

Trade should be boring most of the time, like a real job you have now.