Different Trading Rules We Live By....

[pierre]

I though it might be interesting to hear some of the trading rules traders live by. Im still learning the ropes of trading and one rule I live by is there is no such thing as overbought or oversold!

[MrPaul]

	Quote:	pierre
	I though it might be interesting to hear some of the trading rules traders live by. Im still learning the ropes of trading and one rule I live by is there is no such thing as overbought or oversold!

Here are a few I can think of...They may be general, but perhaps the discussion will elaborate if others share the same rules.

Don't gamble
Don't chase the market
Have a reason for every trade
Wait for a pullback
Always know where you're getting out before you get in
Always know when your getting out if the trade goes wrong before you get in
Have a trading plan and trade it
Learn to love risk
Never give up or stop learning


These are just a few off the top of my head but they all help you do one thing. Preserve your Precious Capital, because without that you won't even have a chance to follow rules.

[Soultrader]

Heres mine:

A. Keep It Simple Stupid
B. Keep It Simple Stupid
C. Keep It Simple Stupid
D. All of the above

[protrader]

only risk alotted amount of capital to each trade, myself 1-2%
trade what you see not what you think!