1) Win more with big profit, make fewer mistake and loss less. Let profit run and cut loss early.
2) Protect your capital. Play safe is the key. Always place a stop loss order.
3) We should be modest and cautious all the time.
4) Don't be over optimistic or pessimistic with your holding position. Do be confident and act accordingly (market situation, chart, your rules)
5) Never buy more to average your loss pick stock.
6) Cut loss early if you make a mistake. Buy near market close to avoid making most of the mistakes if you decide to hold stock overnight.
7) Do not bet on earning. Risk and return are both high. We want return > risk.
8) Always follow market trend:
Bull ---> Buy at dip, support line
Bear ---> Short, when bounce to resistance line
9) Try to buy it in the right entry point ---> Make most money in the shortest time possible (1 to 3 days). Time is Money!
10) Control your risk. Only bet what you afford to lose. Don't put all eggs in one basket. We should not use all our buying power to buy one stock. (50% max)
