- As the market moves up and you have a long position, do not double it up.
- Waiting for a valid trend line break is a must before you enter your position.
- You have to set up a plan in writing which will guide you in your trading.
- When a trend is up you don't want to be selling.
- A golden rule of trading: "Always trade what you see, not what you would like to see".
- The best traders have no ego. You have to swallow your pride and get out of the losses." Tom Baldwin
- Amateurs, on the other hand, dont use Limit Orders and Stop/Loss
- When a trend is down, you don't want to be buying.
- Don't focus on making money, focus on protecting what you have.
