Page 94 - Intelligent Investing (3)

10 Tips for Trading

I. Minimize your losses

II. Don’t force trades

III. Stay focused & be consistent

IV. Don’t trade when volume is low

V. Never overtrade

VI. Do Not add more money to a losing trade or position in an attempt to recover

VII. Let your trades run - cut your losses & let your winners run up when you start

to profit

VIII. Trade with the flow of the market - research first

IX. Don’t trade if your distracted or emotionally disconnected to your trade

X. Only trade if you know the numbers are in your favor - you must have a

statistical edge in the market to win