Ten Tips To Trade

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Divide Your Trading Capital Into Ten Equal Risk Segments  Don’t Overtrade  Never Let A Profit Turn Into Loss If You Don’t Know What’s Going On, Don’t Do Anything  Tips Don’t Make You Any Money  Use The Right Orders To Get Into The Markets  Don’t Be Whimsical About Closing Out Your Trades  Withdraw A Portion Of Your Profits  Don’t Buy A Stock Only To Obtain A Dividend  Don’t Average Your Losses  Take Big Profits And Small Losses  Sell Short As Often as You Go Long  Don’t Buy Something Because It Is Low Priced  Decrease Your Trading After A Series Of Successes  Don’t Formulate New Opinions During Market Hours  Don’t Follow The Crowd - They Are Usually Wrong  Don’t Watch Or Trade Too Many Markets At Once  Buy The Rumor, Sell The Fact  Take Windfall Profits When You Get Them  Keep Charts Current  Preserve Your Capital  Nothing New Ever Occurs In The Market  Money Cannot Be Made Every Day From The Markets  Back Your Opinions With Cash When They Are Confirmed By Market Action  Markets Are Never Wrong, Opinions Often Are  A Good Trade Is Profitable Right From The Start  As Long As The Market Is Acting Right, Don’t Rush To Take Profits  Never Permit Speculative Ventures To Turn Into Investments  Don’t Try To Predetermine Your Profits  Never Buy A Stock Because It Has A Big Decline From Its Previous High, Nor Sell A Stock Because It Is High Priced  Become A Buyer As Soon As A Stock Makes New Highs After A Normal Reaction  The Human Side Of Every Person Is The Greatest Enemy To Successful Trading  Ban Wishful Thinking In The Markets  Big Movements Take Time To Develop  Don’t Be Too Curious About Reasons Behind The Moves  Look For Reasonable Profits  If You Can't Make Money Trading The Leading Issues, You Aren't Going To Make It Trading The Overall Markets  Leaders Of Today May Not Be The Leaders Of Tomorrow  Trade The Active Stocks And Futures  Avoid Discretionary Accounts And Partnership Trading Accounts  Bear Markets Have No Supports And Bull Markets Have No Resistance  The Smarter You Are, The Longer It Takes  It Is Harder To Get Out Of A Trade Than To Get Into One  Don’t Talk About What You're Doing In The Markets  When Time Is Up, Markets Must Reverse Control What You Can, Manage What You Cannot     Source : Stock Market Trading Rules - William F. Eng