Stock trading Rules

[Eugine]

Your stock trading rules are your money. When you follow your rules you make money. However if you break your own stock trading rules the most likely outcome is that you will lose money.

Rule 1: I must follow my rules.
Rule 2: I will never risk more than 3% of my total portfolio on any one stock trade.
Rule 3: I will cut my losses at 5% to 15% when I am wrong without question.
Rule 4: Never set price targets.
Rule 5: Master one style.
Rule 6: Let price and volume be my guides.
Rule 7: Take all valid signals that show up.
Rule 8: Never trade from intra-day data.
Rule 9: Take time out.
Rule 10: Be an above average trader.