10 Golden Trading Rules

Read and comment:

1. Some traders consider trading as a sort of gambling. Without planning and calculations, they throw money at the market. They should distance themselves from gambling behavior. Why a scientific approach is applicable? Markets echo similar patterns over and over again. It allows identify reliable trends and select good trading vehicles. 2. Think in terms of probabilities and act upon them.There are no certainties in trading. You can keep yourself out of trouble by thinking in terms of probabilities. Get comfortable with approximate predictions and interpretations. 3. Hope, fear and greed are not strategies: they are emotions. Simple emotions are not an effective strategy. Positive emotions could cause us to fail to apply riskprecautions. Negative emotion could cause us to hesitate. Trading is a psychological game. Most people think that they're playing against the market,but the market doesn't care. You're really playing against yourself.

Vídeo

http://www.youtube.com/watch?v=LEArG8ebxAg

List the 10 golden trading rules he mentions.

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Listen again and discuss about the explanation he gives for each rule.

What are your trading rules?