Time Tested Classic Trading Rules

青影

1. Having a “method”is not training. Methods are nothing more than instructions. Training requires dedication, motivation and true commitment.

2. Keep a positive attitude, no matter how much you lose.

3. If you don’t know why traders fail how do you expect to know how to succeed?

4. Continually set higher trading goals.

5. Successful traders do not fear the unknown rather they thrive on it.

6. Successful traders like athletes have a detailed and thorough routine to which they do not deviate.

7. Successful traders isolate themselves from the opinions of others.

8. Continually strive for patience. Seek quality not quantity in the market.

9. Trading failure is directly correlated to a lack of training not because of poor methods or systems.

10. Avoid getting in or out of the market too frequently.

11. Losses define the trader not the other way around. Take advantage of every loss to improve and grow.

12. Always discipline yourself by following a pre-determined set of rules.

13. Remember that a bear market will give back in one week what a bull market has taken 3 months to build.

14. You must have an approach, you must know your approach, and you must follow your approach.

15. The key to successful trading is knowing yourself.

16. Successful traders do not talk about their success.

17. You must experience some failure in trading to understand what it takes to succeed.

18. Don’t let ego and greed get in the way of clear thinking and hard work.

19. It’s much easier to put on a trade than to take it off.

20. If the trade doesn’t do what you think it should do, get out. Keep it simple.

21. Don’t add risk to a losing trade.

22. Picking tops and bottoms is loser’s game.

23. Being right has nothing to do with trading.

24. Live by a set of trading rules that works for you.

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