10 GOLDEN RULES FOR SUCCESSFUL TRADING – AS EXPLAINED BY RAJUBHAI

1. A SMALL PROFIT IS BETTER THAN A BIG LOSS

2. STOCK MARKET IS NOT ROCKET SCIENCE. NEVER ANTICIPATE HIGHER
RETURNS. KEEP BOOKING PROFITS AS YOU SEE THEM COMING. If you are able
to make 5-7% profit of your capital every day, consider yourself lucky.
3. ALWAYS MOVE ALONG WITH THE MARKET. NEVER AGAINST IT.
4. MAKE SURE TWICE, YOU ARE TAKING THE CORRECT ENTRY
5. ONCE YOU ENTER AND EXIT A TRADE IN PROFIT, DO NOT RE-ENTER IF THE
PRICE GOES UP
6. WHEN YOU HAVE ENTERED AND EXITED YOUR FIRST TRADE, IN LOSS, TELL
YOURSELF, “TODAY IS NOT MY DAY” AND DO NOT TRADE FOR THAT DAY
7. ALWAYS TRADE AT LEVELS. IF YOU MISS AN ENTRY RANGE, REMEMBER THE
SHARE MARKET IS NOT GOING TO CLOSE DOWN TODAY. DON’T RUN BEHIND
AND ENTER A TRADE IF LEVELS ARE CROSSED. REMEMBER, THERE IS ALWAYS
ANOTHER DAY CALLED “TOMORROW”
8. DON’T EVER OVERTRADE. IF YOU DO MULTIPLE TRADES, YOU ARE WORKING
FOR THE BROKER, SEBI & NSE.
9. TRADING WITHOUT A STOPLOSS IS LIKE WRECKLESS DRIVING IN A HIGHWAY.
10. DON’T TRADE WITH MONEY YOU CANNOT AFFORD TO LOSE.

Most Important Rule:

EMOTION AND TRADING DO NOT GO TOGETHER.
IF YOUR’E NOT IN A GOOD MINDSET AVOID TRADING FOR THAT DAY
HAVE FAITH IN YOUR TRADE AND WAIT PATIENTLY. PATIENCE IS LIKE A CATALYST
(OR) POWER FOR TRADING.