| In order to be successful in stock trading, you have | | | | Keep learning and practicing at the one method of |
| to set yourself some rules. And if you follow these | | | | stock trading style that will relate to you the most. |
| rules religiously, you will make money. The opposite | | | | Never jump from one trading style to another. |
| will likely to happen if you break your own rules so it | | | | Master one style rather than become average at |
| is advisable to stick to it no matter what. Sticking to | | | | implementing several styles. |
| your stock trading rules will definitely be rewarding in | | | | Rule 6: Let price and volume be speak for itself. |
| the long run, it is a discipline that can help you reap | | | | All the important information about that particular |
| huge profits. So read these rules before you enter | | | | stock is reflected in the volume and price. Many |
| the stock market and read the rules even when you | | | | people will give you lots of opinions about the stock |
| leave with lots of money in your pocket | | | | that you are planning to trade or currently trading, |
| Rule 1: Don't break the rules. | | | | stick to your instincts and the skills that you have |
| It is natural if you to want to break or change your | | | | learned and don't listen to them |
| own rules and it takes a lot of discipline to follow | | | | Rule 7: Take that valid signal |
| your own set of rules. | | | | If you see a valid signal of a stock, take it! |
| Rule 2: Don't risk more than 3% of your total | | | | Rule 8: Do not use the intra-day data to trade. |
| portfolio on any one stock trade. | | | | During any trading day, you will be able to see a |
| There are many old traders and there are also many | | | | stock price variation. If you rely to much on this |
| bold traders but there are never any old bold traders. | | | | data, you will end up making all the wrong decisions. |
| Protect your initial capital is important if you want to | | | | Rule 9: Relax |
| trade stocks successfully. | | | | Successful stock traders are fit and you also have to |
| Rule 3: If you are wrong, cut your losses at 5% to | | | | be strong emotionally. Taking time off the computer |
| 15% | | | | and relax will help you reduce the stress of trading. |
| The most important rule here is to set stop loss | | | | An unsuccessful trader is a stressful trader. |
| points and minimize your losses if your predictions | | | | Rule 10: Be an exceptional trader. |
| went wrong. Stick to your stop loss point and keep | | | | Don't try to do anything exceptional if you want to |
| in touch about the performance of you stock | | | | be successful in the stock market, instead, be an |
| Rule 4: Always set price targets. | | | | exceptional trader. Exceptional stock traders are |
| Don't be too greedy and try to get the most out of | | | | consistent and disciplined. After you are done with |
| rising stock price. When you have reached your | | | | the stock market for the day, ask yourself "Did I |
| target profit margin for that day, pack your backs | | | | follow the rules?" If your answer is yes then you are |
| and leave. A stock price can rise too high too quickly | | | | on the path to stock trading success for a long long |
| and also can drop too drastically. | | | | time to come. |
| Rule 5: Master one style. | | | | |