I decided to share these with you and get your feedback. It would also be great to see what your ground rules are. We might end up in a new set of rules.
Rule#1: Forex Trading is a Serious Business
I'm not trading forex to gamble or play a computer game. I trade Forex to make money.
Rule#2: Discipline
I'll stick with my plan and avoid flip flopping
Rule#3: Managing Emotions
This is more of psychology of trade. There are good days and bad days in trading. I promise myself not to get very excited with ups and not despaired with downs.
Rule#4: Preserving Capital
I'll do my best not lose substantial amount of money in short term. This will help me to avoid gambling.
Rule#5: Growth of Capital
I'll do my best to grow my account in long term.
Rule#6: Use of Appropriate Tools
I use my TA and FA knowledge along with MM techniques and mechanical trading to fullfil my mission. I won't ignore professional advice and think carefully about every piece of information I receive.
And by every piece of information I mean those pieces that are somehow related to Forex trading.
Rule#7: Sharing Information
I share what I know with others to help them grow and enjoy their trading career.
Rule#8: Learning is an Ongoing Process
I won't stop learning new stuff.
Rule#1: Forex Trading is a Serious Business
I'm not trading forex to gamble or play a computer game. I trade Forex to make money.
Rule#2: Discipline
I'll stick with my plan and avoid flip flopping
Rule#3: Managing Emotions
This is more of psychology of trade. There are good days and bad days in trading. I promise myself not to get very excited with ups and not despaired with downs.
Rule#4: Preserving Capital
I'll do my best not lose substantial amount of money in short term. This will help me to avoid gambling.
Rule#5: Growth of Capital
I'll do my best to grow my account in long term.
Rule#6: Use of Appropriate Tools
I use my TA and FA knowledge along with MM techniques and mechanical trading to fullfil my mission. I won't ignore professional advice and think carefully about every piece of information I receive.
And by every piece of information I mean those pieces that are somehow related to Forex trading.
Rule#7: Sharing Information
I share what I know with others to help them grow and enjoy their trading career.
Rule#8: Learning is an Ongoing Process
I won't stop learning new stuff.