Here are some time-tested rules that come all the way with me here. It took me very long time to realize some of them and it cost me lot more chips to understant rest of them :)
1. Patience, wait for the setup. no setup, no trade. Standing aside is a position
2. Always has a stop. Always. Place the stop at the time when make trade
3. Options no more than 15% of the total account
4. Beware of trying to pick tops or bottoms
5. Use market orders
6. Never add to a losing position.
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