50 Trading Rules

50 Trading Rules.
Book: Trading Rules - Strategies for Sucess.

RULE 1: Divide your trading capital into ten equal risk segments
RULE 2: Use a two-step order process
RULE 3: Don´t overtrade
RULE 4: Never let a profit turn into a loss
RULE 5: Trade with the trend
RULE 6: If you don´t know what´s going on, don´t do anything
RULE 7: Tips don´t make you any money
RULE 8: Use the right orders to get into the markets
RULE 9: Don´t be whimsical about closing out your trades
RULE 10: Withdraw a portion of your profits
RULE 11: Don´t buy a stock only to obtain a dividend
RULE 12: Don´t average your losses
RULE 13: Take big profits and small losses
RULE 14: Go for the long pull as an outside speculator
RULE 15: Sell short as often as you go long
RULE 16: Don´t buy something because it is low priced
RULE 17: Pyramid correctly, if at all
RULE 18: Decrease your trading after a series of sucesses
RULE 19: Don´t formulate new opinions during market hours
RULE 20: Don´t follow the crowd - They are usually wrong
RULE 21: Don´t watch or trade too many markets at once
RULE 22: Buy the rumor, sell the fact
RULE 23: Take windfall profits when you get them
RULE 24: Keep charts current
RULE 25: Preserve your capital
RULE 26: Nothing new ever occurs in the markets
RULE 27: Money cannot be made every day from the markets
RULE 28: Back your opinions with cash when they are confirmed by market action
RULE 29: Markets are never wrong, opinions often are
RULE 30: A good trade is profitable right from the start
RULE 31: As long as a market is acting right, don´t rush to take profits
RULE 32: Never permit speculative ventures to turn into investments
RULE 33: Don´t try to predetermine your profits
RULE 34: Never buy a stock because it has a big decline from it´s previous high, nor sell a stock because it is high priced
RULE 35: Become a buyer as soon as a stock makes new highs after a normal reaction
RULE 36: The human side of every person is the greatest enemy to successful trading
RULE 37: Ban wishful thinking in the markets
RULE 38: Big movements take time to develop
RULE 39: Don´t be too curious about the reasons behind the moves
RULE 40: Look for reasonable profits
RULE 41: If you can´t make money trading the leading issues, you aren´t going to make it trading the overall markets
RULE 42: Leaders of today may not be the leaders of tomorrow
RULE 43: Trade the active stocks and futures
RULE 44: Avoid discretionary accounts and partnership trading accounts
RULE 45: Bear markets have no support and Bull markets have no resistance
RULE 46: The smarter you are, the longer it takes
RULE 47: It is harder to get out of a trade than to get into one
RULE 48: Don´t talk about what you are doing in the markets
RULE 49: When time is up, markets must reverse
RULE 50: Control what you can, manage what you cannot