The Ten Commandments of Trading

The Ten Commandments of Trading

Thou shalt follow no tips only your trading plan.

Thou shalt not make unto thee a pet stock, commodity, or currency, thy shall trade the price action.

Thou shalt not take too large a position in any one trade. Risking 1% or 2% of trading capital is enough.

Remember the charts you have studied and your research so you can keep faith in your trading system.

Honor thy entries and thy exits so your days of trading will continue without blowing up your account.

Thou shalt not kill your trading account by gambling. Good traders trade with an edge, bad traders simply gamble.

Thou shalt not commit adultery against your own trading method. Beware of style drift. Trade your time frame and your own style with focus.

Thou shalt not steal opinions from other traders, thy shalt trade your own system in your own way.

Thou shalt not bear false witness against thy chart, clear your mind to understand what is really happening, not what you wish was happening.

Thou shalt not covet another trader’s method, style, or system. Thou must create your own after due diligence and learning from what works and what does not. No two traders are exactly alike so they can not trade the exact same way.