1 Greed and Fear are the most dangerous enemies of a trader, control them before they control you.
2 Always use stoploss for all open positions, to protect capital.
3 Never let a winning trade run into a loosing trade, use trailing stoploss, to protect profit.
4 Don't overtrade or take position so big that you can not afford to loose if the stoploss is hit.
5 Remember two 'P' s Persistence and Patience.
Saturday, August 22, 2009
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