HAVE A BACK PLAN IN CASE OF EMERGENCIES

HAVE A BACK PLAN IN CASE OF EMERGENCIES

ALWAYS HAVE ACCESS TO YOUR BROKER BY TELEPHONE

PREPARE YOUR TRADING DAY BEFORE THE MARKETS OPEN

ALWAYS USE A STOP LOSS AND STICK TO IT

NEVER TRADE THE FIRST HALF HOUR ITS TO VOLATILE

WATCH OUT FOR SIDEWAYS MOVING MARKETS

BUY HIGH AND SELL HIGHER OR SELL LOW AND SELL LOWER

USE A BREAKOUT OR PIVET POINT SYSTEM FOR DAYTRADING

CLOSE OUT YOUR TRADES WITHIN THE LAST HALF HOUR

NEVER HAVE AN OPINION ON WHERE THE MARKET WILL GO

ALWAYS FOLLOW THE MARKET ITS ALWAYS RIGHT

NEVER PLACE A TRADE BETWEEN 12 AND 2PM ITS DEAD ZONE

DONT TRADE MORE THAN TWICE A DAY ONE BUY ONE SELL

KEEP STOP LOSSES THE SAME NUMBER OF POINTS EACH DAY

NEVER TRADE FOR THE EXCITEMENT GO TO A THEME PARK

ALWAYS RECORD EVERY TRADE YOU MAKE IN A DIARY

KEEP A GRAPHICAL CHART OF EVERY TRADE YOU TRADE

ALWAYS DO A POST MORTEM ON EVERY TRADE EACH MONTH

DONT TRADE CHOPPY SIDEWAYS MOVING PRICE ACTION

IF YOU FEEL UNWELL ALWAYS TAKE THE REST OF THE DAY OFF