Sunday, November 8, 2009

First and Basic Rule of Trading

Firstly, if you make money by entering a trade that is out of your defined rules, you lost your self discipline, so there is really nothing to be happy about.

To be honest, i believe there is actually no secret formula to trading. It all depends on how discipline we are to implement the guidelines.

So, first and basic rule of trading: Discipline! In trading, we must Never allow greed and fear to rule your trading formulas!