Sunday, January 11, 2009

Rule must followed

This is the rule which I will follow in my future trading. Pay for these lessons on 2008. Most of the trade turn up into big lost, due to I do not apply these rules.

1. Use stop lost. Must think of the cost of lost, before thinking of how much can earn.
2. Never counter trend. Trying to pick up at bottom is dangerous, because we never know where is the bottom.
3. Be confident, follow your plan. Don't ever being defeat by our greed and fear.

This is the 2 lessons I learn from my trading fault. Everyone know that, but once you wish to apply, it is damn hard.

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