GOLDEN RULES

1. Divide your capital into few equal parts (preferably 10), never risk more than one part of your capital on any one trade.
2. Trade only in active & high volume stocks/ futures.
3. Always use stop-losses and never over-trade and stick to your risk management rules.
4. Never let profit turn into a loss. Use trailing stops to protect and lock your profits.
5. Never get into the market because you are anxious from waiting, and never get out of the market just because you have lost your patience.
6. Do not guess where the top and bottom of the market is, but let the market signal its top and bottom.
7. Never average a loosing trade, also avoid taking small profits and big losses.
8. Only trade with genuine risk capital, and be aware of the risk of losing.
9. Always trade within your capabilities, financial and otherwise.
10. Never let greed or fear take control over your winning positions.
11. Avoid Tips & Rumors. This are spread by people with vested interests.