The Most Important Trading Rule

What is your most important trading rule?

  • Never add to a losing trade (or "average" into a position)

    Votes: 9 4.6%
  • Lower trade size when trading poorly

    Votes: 5 2.6%
  • Never turn a winner into a loser

    Votes: 11 5.6%
  • Biggest loser must be smaller than biggest winner

    Votes: 2 1.0%
  • Get out of your losers - use stops

    Votes: 38 19.5%
  • Hit singles and not home runs - little by little

    Votes: 14 7.2%
  • Plan your trades and trade your plan

    Votes: 70 35.9%
  • Keep a positive attitude, no matter how much you lose

    Votes: 9 4.6%
  • If a market doesn't do what you think it should do, get out

    Votes: 18 9.2%
  • Other rule not mentioned here

    Votes: 19 9.7%

  • Total voters
    195
Be 100% discipline which is almost impossible because human being makes mistakes.
 
I'd like to add "patience" to the list!....by the way I'm still "trading" with a max of 2% exposure.... not "betting" like a previous respondent to this thread!
 
I asked THE Oracle this very question and got the answer:-

recontextualize impactful losers and engage standards-compliant econometrics

so now you know
 
most important rule.
The market doesn't care about your rules or what you think. it is what it is.
 
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