TRADING RULES

TRADING RULES
◦Never risk more than 10% of your trading capital in a single trade.
◦Always use stop-loss orders.
◦Never overtrade.
◦Never let a profit run into a loss.
◦Don 't enter a trade if you are unsure of the trend. Never buck the trend.
◦When in doubt, get out, and don't get in when in doubt.
◦Only trade active markets.
◦Distribute your risk equally among different markets.
◦Never limit your orders. Trade at the market.
◦Don't close trades without a good reason.
◦Extra monies from successful trades should be placed in a separate account.
◦Never trade to scalp a profit.
◦Never average a loss.
◦Never get out of the market because you have lost patience or get in because you are anxious from waiting.
◦Avoid taking small profits and large losses.
◦Never cancel a stop loss after you have placed the trade.
◦Avoid getting in and out of the market too often.
◦Be willing to make money from both sides of the market.
◦Never buy or sell just because the price is low or high.
◦Pyramiding should be accomplished once it has crossed resistance levels and broken zones of distribution.
◦Pyramid issues that have a strong trend.
◦Never hedge a losing position.
◦Never change your position without a good reason.
◦Avoid trading after long periods of success or failure.
◦Don't try to guess tops or bottoms.
◦Don't follow a blind man's advice.
◦Reduce trading after the first loss; never increase.
◦Avoid getting in wrong and out wrong; or getting in right and out wrong. This is making a double mistake.
source;http://www.janibrothers.com/trading-rules/