1). NEVER RISK MORE THAN 1% PER TRADE.
2). TRADING LIKE A HERO WILL END BADLY LONG TERM.
3). DON’T TREAT TRADING LIKE A SOURCE OF EXCITEMENT OR RUSH.
4). THINK OF YOURSELF AS THE CASINO AND REALISE YOU CAN’T WIN ALL THE TIME BUT PLAY THE PROBABILITIES IN YOUR FAVOR.
5). UNDERSTAND THE POWER OF COMPOUNDING YOUR ACCOUNT OVER THE LONG TERM.
6). HAVE A TRADING PLAN AND NO WHEN TO STOP TRADING WHEN YOUR EMTIONAL AND NOT THINKING CLEARLY.
7). DON’T EXCEED 8% DRAW DOWN.
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