Golden Trading Rules Any Trader Should Bear in Mind

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Golden Trading Rules Any Trader Should Bear in Mind

Golden Trading Rules Any Trader Should Bear in Mind We do want all our customers to be successful, just like and we do our utmost to help them! However, the truth is that our software (just like any other software) will not help you always make a profit if you don't follow the rules below. The rules should become a natural part of your everyday approach to trading. In any case, think twice before making any exceptions. During our consulting sessions, we found it useful to illustrate the rules using famous paintings. This approach allows much better grasp and memorization of this set of great trading ideas. Good luck with your trading!

Maximize Your Profits, Not the Number of Trades.

Don't Risk More Than 1-3% of the Capital.

Be Patient Enough to Wait for Good Trades.

Be Patient Enough to Avoid Closing a Profitable Position Too Early.

Don't Tie Yourself Down with Your First-Blush Opinion About a Position.

Immediately Close Your Position When the Initial Conditions Are Disrupted.

Make a Decision About the Stop Level Before Entering a Position.

Cut Losses Early, Protect Profits with Trailing Stops.

Return to a Trend if Your Previous Assumptions Turn Out to Be Wrong and the Trend is Progressing.

Focus on Big Market Moves. Don't Try to Catch Small, Noisy Fluctuations.


Focus on Price Patterns and Formations Rather than the Price Levels or Support-Resistance Levels.

Make Your Own Trading Plan.

Your Trading Method Should Be in Sync with Your Personality.

Maintain Discipline to Be Able to Strictly Follow Your Plan and Manage Risks.

It Is Only You Who Is Responsible for Your Trading Results. Don't Try to Blame the Market, Your Friends and Brokers, and so on.