Rules for Profitable Trading
- Plan your trade and follow your plan.
- Protect your capital.
- Never add to a losing position.
- When entering a trade, always set your stop
and only move it in your favor.
- Let your profits run, cut your losses short.
- Always trade with the "major" trend.
- When in doubt, stay out.
- Don't chase the market, there will always be another opportunity.
- Bulls make money, bears make money, pigs get slaughtered. In other
words, don't be greedy.
- Buy the rumor, sell the fact.