If you want to be successful in trading you should follow some golden rules of trading which we will learn today from the book Trading in the Zone by Mark Douglas. A successful trader always follows these rules and enjoys a lavish life.
Golden Rules of Trading
- Always remain Disciplined, calm Focused, and confident in the adverse market condition.
- Learning to accept the risk is a trading skill in the share market.
- Accept the fact that losses and profits are a part of the process.
- Always have an entry and exit plan before taking any trade.
- Always focus on the process rather than the results.
- Don’t take too many trades. Overtrade is a curse.
- Consistency is the key to success in the share market.
- Try to stay calm and don’t fear or greed.
- Don’t try to control the market instead control yourself.
- Learn from the mistakes and try to avoid the same mistake next time.
Try to follow these rules to get the best result in the journey of successful trading.
