In this week’s episode I’m discussing 12 rules for trading
- It’s a solo sport do your own thing
- Make rules and follow them. Don’t just follow the herd
- Resolve any psychological conflicts emanating from following your rules
- Learn to take losses because they are inevitable
- This is business your income needs to beat expenses over time
- Take what the market gives you, don’t be greedy
- No ones makes a lot taking small profits
- You can’t borrow conviction
- Trend is your friend
- Cut your losses, cut your losses, cut your losses
- Run your winners, run your winners, run your winners
- There’s no bypassing your 10 000 hours
Portfolio Summary on 8 February 2022
Capital invested: R10 303.77
Current Balance: R8 916.03 -13.47%
Current Equity (Balance including paper P&L): R26 541.04 +157.59%
Current P&L : R17 625.01
Join Simon Brown and Njabulo Nsibande trading live CFD accounts every Wednesday 17:30 Join here
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