10 Rules of Successful Trading

10 Rules of Successful Trading

I personally feel these are the 10 most important rules to follow, especially as a beginner in order to become a consistently profitable trader. You can refer back to these rules whenever you feel lost or confused about what’s going wrong with your trading.

1. Stick to one strategy, and master it.
2. Plan your trade, trade your plan.
3. Never trade without stops and limits.
4. Record, journal and review your trades.
5. Find a mentor.
6. Don't let your emotions dictate your trading.
7. Never risk more than 1-2% of your account.
8. Accept that losses will occur.
9. Don't focus on the money, focus on the trade.
10. Be patient, be consistent, be disciplined.

Here's to your success!!!