Saturday, April 25, 2009

The 10 Commandments of Trading

1) Don't expect quick rich in stock market.
2) Listen to everyone and question everything and everyone.
3) There's no such thing as hoping, wishing or praying.
4) The big money is made from position sizing.
5) Before trading, you must have a plan.
6) Record your trades, no only study the market, but also study yourself.
7) Don't fear that you'll miss anything. There are always opportunities.
8) View each trade independently.
9) Don't hold more than 5 stocks at same time. Stay focus: both your attention and your capital.
10) Trading the stock market isn't everything. Spend quality time with your family and cash some your profit to reward yourself.

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