Traders Under 30

[moocow111]

10 Basic Trading Rules...Not Investing Rules

1. Don't chase the ask. You missed out. There will be many other opportunities.

2. Idiot you are down 20%. Get out. It might come back up, but live to trade another day.

3. Don’t load the boat; you will fail more often than you will win. Greed and fear will cloud your mind.

4. Averaging down results in losing more money.

5. Is it really MM games or are all the longs just selling. It might be time to sell.

6. Don’t buy news that everyone expects.

7. Have a set exit point. Enter near support, exit near resistance.

8. Reload the run if it pulls back less than 10% of the share price.

9. Immediately sell bad news. Don’t be a bag holder.

10. Don't catch the falling knife for a bounce, it is too risky.