Adapted from Sun Tzu & The Art of War For Traders. Print this out and stick it where you can see it everyday. The wall in front of your trading station or toilet is the best place!! Or make it into a small card and carry it with you everywhere and when you have nothing to do, like waiting in traffic, etc. read it. Enjoy.
Trading Rules: Do's
• Trade to Make Money - Not for Fun and Games
• Concentrate in One Pit or Class
• Learn Quirks of Other Traders and Brokers
• When Initiating a Trade - always get the Edge
Buy the Bid - Sell the Offer
• When Liquidating a Bad Trade - give up the Edge
Hit the Bid - Take the Offer
• A Scratch Trade is a Winner
• Make One Tick on a Million Trades
Not a Million Ticks on One
• Learn from Others Traders Mistakes
• DISCIPLINE - DISCIPLINE - DISCIPLINE
Trading Rules: Don'ts
• Do Not be a Tradaholic
• Never add to a Bad trade
Once you have a Profit - Never let it Become a Loss
• Don't be a One-Way Trader - Be Flexible
• Never Leave the Pit - or Your Desk
• Three Losing Trades in a Row Rule
• NO HOPING - NO WISHING
• NO PRAYING - NO OPINIONS
Trading Rules: Do's
• Trade to Make Money - Not for Fun and Games
• Concentrate in One Pit or Class
• Learn Quirks of Other Traders and Brokers
• When Initiating a Trade - always get the Edge
Buy the Bid - Sell the Offer
• When Liquidating a Bad Trade - give up the Edge
Hit the Bid - Take the Offer
• A Scratch Trade is a Winner
• Make One Tick on a Million Trades
Not a Million Ticks on One
• Learn from Others Traders Mistakes
• DISCIPLINE - DISCIPLINE - DISCIPLINE
Trading Rules: Don'ts
• Do Not be a Tradaholic
• Never add to a Bad trade
Once you have a Profit - Never let it Become a Loss
• Don't be a One-Way Trader - Be Flexible
• Never Leave the Pit - or Your Desk
• Three Losing Trades in a Row Rule
• NO HOPING - NO WISHING
• NO PRAYING - NO OPINIONS
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