Trading Rules to Follow

1. Trade in the direction of the trend. Only Buy in Uptrend and Sell in DownTrend
   
   
2. Enter on a signal of confirmation Only. 
   
   
3. Only enter trades that have been well thought out and have a trading plan with clear Entry and Exit. 
   
   
4. If a trade is missed then wait for the next entry point rather than chasing this one. 
   
   
5. Book profits late, But cut losses short. 
   
   
6. Follow money management principles and never risk more than you're comfortable with 
   
   
7. " Set a stop loss on each and every trade "
   
   
8. Don't add to losing trades. Adding to trades can only be done to winning trades 
   
   
9. Focus on strategies that you're having success with. Master each technique one at a time. 
   
   
10. Trade strategies when the technicals and fundamentals agree. 
    
    
11. If you go through a losing streak, you will take some time off to keep a clear head. 
    
    
12. Run trades through the Five T's of trading:
    Trade identification,
    Trigger,
    Target,
    Tradable instrument, and
    Trade management. 
    
    
13. Always establish the reward to risk ratio. Beginners trades with RR 1:3 and above trades only.
    
    
14. Check the historical and pending news on the company including the date of its next earnings release.