RULE # 1. Never lose money!
RULE # 2. Never forget Rule # 1!
RULE # 3. Never risk more than 1/10th of your account. For example if you have an account that is worth $100,000.00 invest only up to $10,000.
RULE # 4. Always be flexible to market change. For example, if you predict a certain stock to go up or down, it may change the trend at anytime.
RULE # 5. “If you give me money, you will not get it BACK”. Do NOT lose the money that was made previously. Guard it with all of your power.
RULE # 6. Always have an exit strategy. If a trade is not going in your favor then make sure you get out of it.
RULE # 7. Write down your trade Plan. Make sure to know your entry level price and your exit level price from a trade.
RULE # 8. Do not trade too many Stocks. It is better to know the cycles of 3-5 stocks completely than knowing not much about a lot of stocks.
RULE # 9. Whatever the crowd says about the Markets, do the opposite. Crowd is never been right about choosing the Tops or Bottoms of the market.