Ten Principles of Trade

Secrets of Trading 1

The market is always right
Current prices reflect the will of both sellers and buyers.
The market moves on its own, and no one can control it for long.
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Secrets of Trading 2

The future cannot be predicted by anyone
Analysts try to forecast the future and fail.
Traders trade by looking for recurring tendencies.

Secrets of Trading 3

Trading is following the rules
If you cannot adhere to the rules,
even the world's best strategy is meaningless.

Secrets of Trading 4

Setting a stop loss is indispensable
Trading does not have 100%,
and accepting losses is healthy and very important.

Secrets of Trading 5

If trading were easy, everyone in the world would be a billionaire
In any endeavor or occupation,
to earn money by competing limited resources with others
is not easy.

Secrets of Trading 6

Believe in yourself first
Your money is important.
And it is your duty to protect it.

Secrets of Trading 7

Always keep records
Without keeping records you have no way to know what you did well or poorly in your trades.

Secrets of Trading 8

Gambling trades lead to big losses
Trading is a business.
If you do not approach it professionally, your precious funds
will be taken by other professionals.

Secrets of Trading 9

Technical analysis is only a small part of trading
Technical analysis analyzes past data only.
Understanding news and sentiment, and adapting to the market, is the key to profitability.

Secrets of Trading 10

Daily habits are the key
Confidence is built through repetition of the same things.
And repetitive practice is the key to improving your skills.