1: | Don’t average down on losers. | |
2: | If you have a position making you uncomfortable, get out. | |
3: | Don’t be too concerned about where you entered a position. The real question is, are you still bullish or bearish. | |
4: | The most important rule is defense, not offense. | |
5: | Don’t be a hero, don’t have an ego. | |
6: | Always question yourself and your abilities. Don’t ever feel that you are very good, the second you do, you are dead. | |
7: | Don’t focus on making money; focus on protecting what you have. | |
8: | Never be macho in the market. | |
9: | Never overtrade. | |
10: | Risk control is the most important thing in trading. |
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