The most important Golden Rule of Trading - page 2

 
#1 and #8 were hard for me - I learnt it for the long time
 

From Warren Buffet:

 Rule nº1: Never loose money;

Rule nº2: Dont forget the rule nº1 

 

1. know what you are trading is only probability rather than something else

2. bet when the probability is in your favor

3. bet more when you are testified in the right side of the market

4. don't hesitate to cut loss when it hits your sl

5. always stick to the rules

 

Number 4 is hard.

Reason: