Palm Tree
Palm Tree

Don't lose more than 10% of your capital on any trading day.

Rule #1

CREDIT: towardsdatascience.com

Rule #2

Don't risk more than 2-3% of your capital in one trade

It's better to take a break from intraday trading if you are not feeling good emotionally

Rule #3

Rule #4

"Always remember trading is just a probability game and not a prediction game."

Rule #5

"If you see the profit screenshots of other traders, it will trouble your emotional balance. So follow your trade plan."

Rule #6

"It's better to stick one trading system across different market conditions. Your learning curve will not improve if you keep on jumping from one strategy to another."

"When you think you know everything in the market, the next day you lose big money."

Rule #7

Rule #8

"If you lose money on any trade, then you have made a mistake. There is a lesson to learn (no matter what)."

Rule #9

"There is no need to argue with anyone for any reason. You are right if you are making money in the market."

Rule #10

"Profit in intraday trading is inversely proportional to your ego."