at what profit should you start to add to your position and if you are one that walks out of a position in steps when would you start doing that ? just your thoughts would be sufficient. thanks
You forgot the most important rule to apply once you can trade profitably, #25- Find a broker who won't delay and cancel all your profitable trades, filling only the losing orders, all the while disconnecting platform so you can't cancel.
Not sure about number 12 - the market is always right, it might get there in the end but by no means it always right at any one time otherwise fading "wrong" moves would never be profitable. For example if a piece of news comes out to move the market and it is then denied but you are one of the first to know then the market is blatently wrong to be where it is. It will get round to being right once others realise but in my opinion the market is wrong much of the time and equally inefficient. The market will eventually factor in all available information would be better in my pedantic world!