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[MMK]

All...I found some old posts that I would like to share with you. They have some great basic trading rules and I think they are worth reading often. I read them again this afternoon and always learn something about myself and how I trade. They are lengthy.

#1...a good one to keep by the computer IMO....

TRADING RULES-----SHORT VERSION

PATIENCE
Wait for all the stars to line up
You never "have" to make a trade

CAPITAL PRESERVATION
You can not play if you lose your chips
Better to forego profits than lose capital
Good money management is critical

ADMIT MISTAKES FAST
Take losses quickly, while they are small
First loss is the best loss; small losses are good losses

MAINTAIN BUYING POWER
Never be fully invested
Have some ammo ready for the "perfect" trade

DO NOT OVER TRADE
Too many trades or an excessive concentration in a single stock or sector

HAVE A PLAN
Before you make the entry, have "out" target in mind ahead of time

BELIEVE THE MARKET
It is bigger than you are, don't fight the tape

DO YOUR HOMEWORK
Good trading requires a lot of work

STAY COOL
Emotions will kill you

DO NOT GET GREEDY
A bunch of singles is better than a home run