Thunder and Holcot If you are new please do yourselves a favor and paper trade and devolp a written plan Here are some of my own thoughts added with other famous traders
Follow or lose money Trade small listen to charts not people cut losses quickly let profits run have a written exit plan always If a trader limits losses to small, and let's gains run , he really doesn't have to be exceptionally good at it to succeed over time Roy
Always use stop losses.” – Wenzhan BT
“Never deviate from your trading model.” – Richard Weissman
“Trading with discipline.” – Oscar Castanon
“Mine is to never lose more than 1% of my total trading capital in any one trade. That keeps my capital safe.” – Steve Burns
“Never, under any circumstance add to a losing position… ever! Nothing more need be said; to do otherwise will eventually and absolutely lead to ruin!” – Dennis Gartman athttp://www.tradiphy.com/
“Follow the system and block all outside noise.” – Dan de Joya
“Wait for the best entry.” – Jay Chandran
“Trust the math.” – Alan Lattanner
“1% risk exposure per trade. A max of 5 trades on at once.The less trades on,the better. I always find that if you have one great winner,its best just to add to that winner or do nothing. I used to want to enter every trade that gave me a great signal but often other trades just offset your one great trade.” – Jörg Brand
“Trading with patience” – Zou Yi Hui
“Never double down into a losing trade, cut losses early. Never buy into earnings, you might as well take your money to the casino. Never listen to pump and dump stock enewsletters, trade on price action and volume. For new traders never trade on Margin no matter what use your own funds only. Much like credit card shopping it is a recipe for disaster. Deviation from trading rules WILL, not MAY result in tuition paid to the market.” – Ray Mendoza
( Trend Following ) –> “Accepting the fact that more than 60% of trades are losers and cut the losses immediately if it goes against planned direction.” – Guruprasad Venkatakrishnan
“Following your trading plan, No matter what.” – Anand Bang
“First rule of the MARKET Protect your capital…………… 2nd rule of the MARKET TRY to make money………….” – UeSushilkumar Jagtap
“Never dwell on what might have been”…One of my pet peeves is listening to people who say things like “If I had only held on”… I could care less what happens to a stock after I sell it.” -Doug Gregory @sharptraders
The Secrets I Learned from Jesse Livermore
1. Money Management: * “I trade on my own information and follow my own methods.” * “The desire for constant action irrespective of underlying conditions is responsible for many losses on Wall Street, even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.”
2. Business of Investing: * “I believe that anyone who is intelligent, conscientious, and willing to put in the necessary time can be successful on Wall Street. As long as they realize the market is a business like any other business, they have a good chance to prosper.”
3. The Investor Self: * “My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market. The stock market is the greatest, most complex puzzle ever invented – and it pays the biggest jackpot…it was never the money that drove me. It was the game, solving the puzzle, beating the market that had confused and confounded the greatest minds in history. For me, that passion, the juice, the exhilaration was in beating the game, a game that was a living dynamic riddle…”
4. Market Analysis: * “What beat me was not having the brains enough to stick to my own game – that is, to play the market only when I was satisfied that precedents favored my play.” * “It cost me millions to learn that another dangerous enemy to a trader is his susceptibility to the urgings of a magnetic personality when plausibly expressed by a brilliant mind.”
5. Routines: * “It is what people actually did in the stock market that counted – not what they said they were going to do.” * “The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.”
6. Stalking: * “In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be. The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices break through the limit in either direction.”
7. Buying: * “It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.”
Market Data 
Markets 
AI
