The Most Important Trading Rule

What is your most important trading rule?

  • Never add to a losing trade (or "average" into a position)

    Votes: 9 4.6%
  • Lower trade size when trading poorly

    Votes: 5 2.6%
  • Never turn a winner into a loser

    Votes: 11 5.6%
  • Biggest loser must be smaller than biggest winner

    Votes: 2 1.0%
  • Get out of your losers - use stops

    Votes: 38 19.5%
  • Hit singles and not home runs - little by little

    Votes: 14 7.2%
  • Plan your trades and trade your plan

    Votes: 70 35.9%
  • Keep a positive attitude, no matter how much you lose

    Votes: 9 4.6%
  • If a market doesn't do what you think it should do, get out

    Votes: 18 9.2%
  • Other rule not mentioned here

    Votes: 19 9.7%

  • Total voters
    195
Be 100% discipline which is almost impossible because human being makes mistakes.
 
I'd like to add "patience" to the list!....by the way I'm still "trading" with a max of 2% exposure.... not "betting" like a previous respondent to this thread!
 
I asked THE Oracle this very question and got the answer:-

recontextualize impactful losers and engage standards-compliant econometrics

so now you know
 
most important rule.
The market doesn't care about your rules or what you think. it is what it is.
 
just when you think you know all the rules.................one of them will come back and bite your ****!
 
Top