TRADING RULES

These are some of the trading rules which are universally valid for stock trading. Take a print out and nail it on your desk.

Rules:
Never put more than 10% of your trading capital in a single trade.
Always use stop loss orders.
Never overtrade.
Never let a profit run into a loss.
Don't enter a trade if you are unsure of the trend.
Only trade active markets.
Distribute your risks equally among different indices.
Never limit your orders. Trade at the markets.
Never trade to scalp a profit.
Never average a loss.
Never get out of the market because you have lost patience, or get in because you are anxiously waiting to trade as it will mostly lead to losses only.
Do not cancel a stop loss after you have placed it.
Never buy or sell just because the price is low or high.
Never average a losing position.
Never change your position without a good reason.
Don't try to guess tops or bottoms of the stocks.
Don't follow a blind man's advice.
When you lose don't blame it on luck