THE 10 GOLDEN RULES OF TRADING
RULE 1 — PROTECT YOUR CAPITAL
Your capital is your ability to continue trading.
Protect it.
RULE 2 — NEVER RISK MONEY YOU CANNOT AFFORD TO LOSE
Trading involves real financial risk.
Only use money appropriate for your circumstances.
RULE 3 — KNOW YOUR RISK BEFORE ENTERING
Never enter first and figure out your risk later.
RULE 4 — DON’T CHASE LOSSES
A loss doesn’t need to be immediately recovered.
RULE 5 — DON’T CHASE PRICE
If you miss a setup, you miss it.
There will always be another opportunity.
RULE 6 — DON’T OVERTRADE
More trades do not automatically mean more profit.
RULE 7 — DON’T CHANGE YOUR STRATEGY AFTER A FEW LOSSES
A losing streak doesn’t automatically mean your strategy is broken.
Use data.
RULE 8 — LEVERAGE IS NOT AN EDGE
Leverage can increase exposure.
It doesn’t make your strategy better.
RULE 9 — KEEP A JOURNAL
You cannot improve what you don’t measure.
RULE 10 — FOCUS ON PROCESS
Your goal isn’t to control the market.
Your goal is to control your decisions.
Disclaimer
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
