Trader's Discipline and Comfort Zone

Ten Rules of Successful Trading

Introduction

The Ten Rules of Successful Traders

Rule No. 1 – Making a Profit is More Important Than Being Right

Rule No. 2 – Never Add to a Losing Trade

Rule No. 3 – Be Patient With Winning Trades

Rule No. 4 – Have a Trading Plan

Have a Trading Plan (0:34)
Trading Style (0:33)
Risk/Reward Ratio (1:56)
Entry-Exit Points (1:27)
Account Size and Tier Size (1:29)
Major Indices (0:54)
Sector and Industry Performance (4:54)
Watch Out for Earnings (1:01)
Three Strikes and You'Re Out (1:11)
Keep a Trading Journal (3:46)

Rule No. 5 – Know What To Trade and What Not To Trade

Tradable Stocks vs Non Tradable Stocks (2:49)
Guidelines for Tradable Stocks (0:57)
Don't Trade Famous Stocks (1:10)
Avoid Expensive Stocks (4:14)
Don't Trade Stocks with Insufficient or Excessive Trading Volume (1:33)
Avoid Stocks with a Large Bid-Ask Spread (2:01)
Additional Scanning for Finding Winning Stocks (1:22)
Trade Trending Stocks (0:51)
How to Find and Trade Stocks Successfully

Rule No. 6 – Do Not Chase Trades: The Market Will Be There Tomorrow

Rule No. 7 – Do Not Look Back: The What-If-Syndrome

Rule No. 8 – Do Not Try to Pick Tops and Bottoms

Rule No. 9 – Read the Chart Not the News

Rule No. 10 – Keep Your Chart Clean and Simple

Bar Charts or Candlestick Charts

BONUS SECTION _ Powerful Candlestick Patterns - Hammer and Engulfing

Follow Up Courses