1. You shall back test and develop quantify robust trend trading systems that are profitable over the long term.
2. You shall identify and follow the long term trend in the markets you trade, and have no guru that you bow down to.
3. You shall not try to predict the future, that is a fool’s game, but follow the current price trend.
4. You shall remember the stop loss to keep your capital safe from destruction; you shall know your exit level before your entry is taken.
5. Follow your trend following system all the days that you are trading, so that through discipline you will be profitable.
6. You shall not give up on your trading system because of a draw down.
7. You shall not change a winning system because it has had a few losing trades.
8. You shall trade with the principles that have proven to work for successful traders. Manage risk, go with the trend, and diversify so your days in the market will be long.
9. You shall keep the faith in your trend following system even in range bound markets; a trend will begin anew eventually.
10. You shall not covet fundamentalist’s valuations, Blue channels talking heads, newsletter predictions, Holy Grails, or the false claims of any of the black box systems.