• Always trade with a stop loss
  • Define your stop before you enter trade
  • Never risk more than you expect to gain
  • Nail down decent profits when you have them
  • Never let good size gain turn into a loss
  • Only get aggressive on the heels of profits
  • Scale back exposure when trading poorly
  • Never add to a losing position

What most people truly know about trading can fit into a thimble with room left over. We are all still learning. Those who understand this enjoy longevity in the market. Those who think they are too smart become casualties of the market.