Rules for Profitable Trading

  1. Plan your trade and follow your plan.
  2. Protect your capital.
  3. Never add to a losing position.
  4. When entering a trade, always set your stop and only move it in your favor.
  5. Let your profits run, cut your losses short.
  6. Always trade with the "major" trend.
  7. When in doubt, stay out.
  8. Don't chase the market, there will always be another opportunity.
  9. Bulls make money, bears make money, pigs get slaughtered.  In other words, don't be greedy.
  10. Buy the rumor, sell the fact.