1. Thou shalt watch more, trad less
watch the market (dia, spy, qqqq, mdy, smh, iwm, iwn and VIX)
watch the stocks
2. Thou shalt anticipate tomorrow's move NOT ! -- based on today's information.
3. Thou shalt buy when the stock is down towards to your buying point (MA(50), MA(20), lower BB).. instead wait for one/two days to see if it is bounce back. take market condition into your consideration
4. Thou shalt sell quickly -- by feeling, and buy slowly -- by rationning.
5. Thou shalt spend time reserach, memorize the objects that is being traded.
6. Thou shal have a strategy for each action taking
market up/down.
exit strategy (gain, small loss, big loss)
7. If answer A is not right, then, the opposite of A must be right. In this business, the friends turn into enenmy in no time. Think diagonally and quickly.
Plus other things that you have already had that works :)
With the strong
Against weak
Watch your back
--- A Priate's life