Here are some of my trading guidelines, they help me in being disciplined and being patient 1) Don't trade when the mind is not calm and composed, market is not going anywhere, take a break 2) Don't open/close position in panic....wait for a while for a more favorable exit. 3) Don't count unrealized profits as money in the bank. 4) When you see sudden big gains, don't be in a hurry to book the profits. Use the profits as a cushion to let the position ride. 5) After a loss, wait for a while before taking another bet. 6) Do NOT try to catch the bottom or top, there is no such thing as - price has fallen/risen a lot now it should reverse. If you miss the move wait rather than trying to fade the move.