Trading Do's and Don't's

[hedgehog]

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

[Gott]

Do Not be a Tradaholic Do Not be a Tradaholic Do Not be a Tradaholic Do Not be a Tradaholic Do Not be a Tradaholic

(repeat 100 times as a pray)

[random48]

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Edited March 1, 2011 by Kardel Sharpeye

[DooMGuarD]

Forex is not a game (since someone think) it is a science...

the loveliest, exciting and terrible science...

 

you owe this one disposed to lose to be able to win and to live well with her...

 

if you accept to lose sometimes you it accepts to win very often...

it does not need courage for that, only the will...

[forexaffiliatez0]

everyone can do trading but carefully because if trading have opportunity to growth it have also a huge risk to loss everything . before doing forex trading study current and previous market guys and go best of luck .

 

cheers

[forexaffiliatez0]

yes absolutely right forex is not a game we need to carefully do anything.

 

cheers

[wirefax]

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