10 Great Trading Principles

Here are ten good trades a trader can make concerning psychology, risk management, and methodology. We must turn bad behaviors into good behaviors to turn a profit.

  1. Trade big losses for small losses through positions sizing and stop losses.
  2. Trade small wins for big wins through trailing stops and letting winners run.
  3. Trade predictions for price action, chart reading, and trend following.
  4. Trade the right position size for your account.
  5. Ask for advice and tips to develop a profitable trading method.
  6. Trade in opinions for proven trading principles.
  7. Trade guessing for backtesting.
  8. Trade arrogance for humbleness.
  9. Trade stubbornness for flexibility.
  10. Trade ignorance for the knowledge.