Trader's "10 Crack Commandments"

@Baron @Magna Mark this post. Dudes, someone here thinks I am polite! It will be an I-told-you-so moment later! ahahahah!

I am polite to my friends, but if I get crossed, I am the worst ever person. :-(

 

hmmm. My block / ignore list is still 1 page long.

 

Equally, and vitally, important to not losing money beyond your risk profile tolerance....is the trader's ability to Maximize trade wins, gains, profits,

And not cut out too early and leave money on the table, which will have a significant impact overall in the end when you tally your total wins, gains....minus your total losses,

Trading successfully, truly successfully...in an expert fashion, requires a perfect storm of variables and elements that the trader should be able to pull off successfully and professionally,
A trader is only as strong as his or her Weakest, inferior, link,

 

Rule # 1: Do not los

If you don't follow your rules you don't have rules!!
If you follow rule #3, Rule #4 is unnecessary.

 

I presume you are a swing trader, not day trader.


day trader - SL around 15 ticks

swing trader SL around 15 * 2 or 3 or 4 ... ticks

HFT - SL around 0.5, 1 or 2 ticks.

 

I have one rule when it comes to rules lists

1. Follow my own rules.

Make that two

2. Don't feel the need to tell others what rules they should follow.

 

Rules 6-9 while funny just reinforce that you don't follow your rules and are more inclined to break them. Your personality type might not be calibrated to your trading type (scalp, swing, position).

Other generic ones;
-trading w/o a plan
-over-trading
-over-leveraging

 

Hello MacBookProHo,

Do you like your social media profile picture?

Thank you,

 

First rule should be to focus on protecting the trading capital before focusing on making any profits.