The 10 Commandments To Stop Bad Trading Stocks, Futures, Options

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I. THOU SHALT NOT GUESS You are forbidden from entering a trade "on a feeling" or a "hot tip." You must obey your written trading plan. No plan? No trade. Period.

II. THOU SHALT HONOR THY STOP-LOSS Your stop-loss is your god. It is your absolute, non-negotiable exit. You will set it, and you will not move it (unless it's to lock in profit). You will never "hope" a loser comes back. You will obey the loss.

III. THOU SHALT SLAY THY EGO The market is always right, and you are often wrong. Your opinion is worthless. Your job is to follow the price, not argue with it. A loss is a data point, not a personal insult.

IV. THOU SHALT NEVER REVENGE TRADE When you take a bad loss, you will be angry. You are forbidden from trading in this state. Shut down the platform. Walk away. Trying to "make it back" immediately is how you blow up your account.

V. THOU SHALT RESPECT RISK You will never, ever risk more than 1-2% of your account on a single trade. This is the holy rule that ensures your survival. A bad trader bets the farm; a pro manages risk.

VI. THOU SHALT NOT COVET ANOTHER'S GAINS (FOMO) You are forbidden from chasing a stock that is already running. You missed it. Chasing is buying the top and providing profits for those who planned. Let it go. Another trade will come.

VII. THOU SHALT MASTER THYSELF You are your own worst enemy. You must study your emotions and mistakes. Keep a journal of your failures and be brutally honest about why you failed. "I was greedy." "I was impatient." "I broke my rules."

VIII. THOU SHALT NOT OVER-TRADE You do not get paid by the hour. You get paid for being right. Sitting in cash, doing nothing, is a profitable position. You must wait patiently for your setup, not force a trade because you are bored.

IX. THOU SHALT PAY THYSELF When a trade hits your pre-defined profit target, you must take the money. Do not get greedy and hope for more. A bad trader turns a great win into a loss. A pro follows the plan and sells.

X. THOU SHALT CUT POSITION SIZE If you are stressed, anxious, or cannot sleep, you are trading too big. You must cut your position size in half, and then in half again, until you can trade with zero emotion. An objective mind is your only weapon.


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Disclosure: I have no position in any stock mentioned

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