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Divide your capital into 10 equal risk
parts.
-
Never over trade.
-
Never place order for BUY/SELL without stop
loss conditions.
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Never let profit turn into loss.
-
Trade with the trend.
-
Never take lead or presume - you may loose
heavily.
-
Never try to be over smart.
-
Don’t trade if trend not clear
-
Don’t follow tips
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Use the right orders only.
-
Withdraw portion of profits.
-
Don’t be whimsical about closing your
trades.
-
Never buy a stock to get dividend.
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Never average your losses.
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Take big profits and small losses.
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Sell short as often as you go long.
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Never buy any stock just it is low priced.
-
Pyramid your trades correctly.
-
Decrease your trading after a series of
successful trades.
-
Don’t change your opinions during market
hours.
-
Don’t follow the crowd - they are usually
wrong.
-
Buy on rumour and sell on news.
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Take windfall gains when you get.
-
Keep your charts up to date.
-
Preserve your capital.
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Nothing ever new occurs in market.
-
Markets are never wrong opinion may be.
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Never permit speculative ventures to turn
into investments.
-
Never try to predetermine your profits.
-
Never buy a stock just because it is low
priced or don’t sell just because it is high priced.
-
Look for reasonable profits.
-
Buy as soon as a stock makes new highs
after a normal reaction.
-
Ban wishful thinking in the market.
-
Leaders of today may not be leaders of
tomorrow.
-
Don’t be too cautious about reasons behind
the moves.
-
Trade only the active stocks.
-
Bear markets have no support and bull
markets have no resistance.
-
The smarter you are the longer it takes.
-
It is very hard to get out of a trade than
to get in.
-
Don’t talk about what you are doing in the
market.
-
When time is up, markets must reverse.
-
Control what you can; manage what you can
not.
-
Big movements take time to develop.
-
A good trade is profitable right from the
start.
-
If you can not make money trading the
leading issues you can not make it trading the overall market.
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Avoid partnership in trading accounts.
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The human side of every person is the
greatest enemy of successful trading.
-
Money can not be made every day in the
market.
-
As long as market is acting right don’t
rush to take profits.
-
Never buy a stock just because it has
fallen from a great high, nor sell a stock because it is high
priced.