My Trading Rules
Being followed STRICTLY by myself.
- Control risks and prepare for the worst
Always keep a low-risk or risk-free cash reserve, to make sure that in the worst cases, such as losing all my investments AND my job in a market crash, I would still be able to afford food and and a place to live for at least 1 year, and have the ability to recover after that.
- Stop loss
Give up any investment immediately after it reaches 10% loss. For day-trading, stop loss at 5% unless it worth holding for more than one month.
- No greediness
Not making money is always better than losing money.
- Not gambling
Trade consciously and wisely. Always list reasons before putting an order. Do not trade when my brain is not functioning 100%. ABSOLUTELY NO TRADING when I am under influence of sleepiness, alcohol or any drugs (except stopping loss).