Have a Game plan.
Follow the game plan i.e. have your trading decisions written.
Always trade with stop loss. You can search on the site for the methodology of applying stop loss.
Diversification.
Filter your trade (capture the big moves) i.e ride the trend.
Trade with the Trend so odds are in your favor
Do not listen to News. Real News is what the market is doing.
Don't listen to your broker. Conflict of interest occurs as his main aim is that you trade more and make more brokerage for him.
Money Management
Risk management by disciplined trading.
Do not over trade.
Tuesday, October 6, 2009
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