It is important that one gets these listed below commandments of trading in the subconscious mind as their execution in the correct manner will determine your success or failure in the market.- Trade with Trend.
- Do not try to pick tops and bottoms as till now none has been able to catch the same so far.
- Plan your trade and trade your plan.
- Donot add to a losing position as adding to a losing position is like catching a falling knife.
- Let your winners run and cut short your losses by using the stoploss technique.
- Donot get emotionally married to a stock.
- Be open minded and flexible.
- Donot let a small loss turn into a disaster.
- Think long term and protect your capital.
- Donot make impulsive trading decisions.
- Do not have over complicated trading system as you might get confused and instead concentrate on the sure tip for intraday trading and start trading like professionals.
