Monday, March 1, 2010

How I Trade For Living !!!!!!!!!!!!!!!!!!!

Dear All,
I trade for living , how here's how i try to do it with some rules that i follows regularly.

1. Have Trading Plan

2. Think in Terms of Probabilities

3. Know Your Time Frame

4. Define Your Risk

5. Always Place a Protective Stop

6. Your First Loss Is Your Best Loss

7. Never Add to a Loser

8. Don’t Overtrade

9. Keep Good Records and Review Them

10. Add to Your Winners

11. Use Multiple Time Frames

12. Know Your Profit Objective

13. Don’t Second-Guess Your Winners

14. Know the Limits of Your Analysis

15. Trade with the Trend

16. Use Effective Money Management

17. Know Your Ratios

18. Know When to Take a Break

19. Don’t Trade the News

20. Withdraw Equity Regularly

21. Be a Contrarian

22. Study Winning Traders

23. " Be a Student of Yourself "



Thanks & Regards
Abhay Mehrotra

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