Commandments of Trading

awesome trading rules from the PPT Forum: 

1. Thou shalt heed this one fact: the future is uncertain.
2. Thou shalt protect capital first; only then thou shalt seek a return on that capital.
3. Honor thy stops; do not deviate from your risk management principles.
4. Remember that the trend is your friend, until it isn't.
5. Thou shalt not follow the crowd. Contrarians eventually are rewarded.
6. Thou shalt not marry a stock. It does not love you. Why should you spend your emotional capital on it? If it betrays you, trample it under your feet.
7. Thou shalt not steal from your credit card account to fund your trading account. It is an abomination.
8. Do not be quick to chase returns, for in that day, your account shall surely die.
9. Add not to a losing position, unless you are willing to lose the entire sum thereof to a money changer.
10. Thou shalt not be greedy. Take profits, walk away and do not look back; neither shall you beat yourself up over losses. Move on.

~alphadawgg

"...One day you will realize, trading like an ADD riddled moron is a quick way to lose it all."

~The Fly