THE TRADE DECISION
 1. Never add to a losing position.
 2. Always determine a stop and a profit objective before entering a trade. Place stops based on market  information, not your account balance. If a “proper” stop is too expensive, don’t do the trade.
 3. Remember the “power of a position.” Never make a market judgment when you have a  position.
 4. Your decision to exit a trade means you perceive changing circumstances. Don’t suddenly  think you can pick a price, exit at the market. 
            THE MARKET HAS CHARACTER
 5. In a Bull market, never sell a dull market, in Bear market, never buy a dull market.. (more…)