Читать книгу Candlestick Charting For Dummies - Russell Rhoads - Страница 23

Throughout this book, I stress the importance of setting rules for yourself and sticking to those rules. I just can’t stress enough what a good practice that is for any trader. Making and losing money on the market is a very emotional experience. One of the main reasons why some traders lose big when they should lose (or even win) just a little is that they let their emotions take control of their trading. You can take emotions out of the equation if you develop trading rules and adhere to them no matter what happens.

Create a set of trading rules for yourself, and stick to them. Include rules such as the following:

 When to get into trades

 Where to place stops in various trading situations

 What amount of money to risk on trades and investments

 When to get out of trades, either with a loss or profit

Write down your rules, and keep them handy for a quick review when you’re in the midst of a trade and you’re having second thoughts about what action to take.

I’ve been trading for a long time, and I can say without reservation that creating and adhering to a set of trading rules is the best way to reward yourself, both personally and financially, for the effort you put into the markets. I always follow the rules that I’ve set for myself, and although it may sound crazy, at this point I’m prouder of my rules than I am of my profits. All traders have to come up with their own sets of rules that talk to their trading style and comfort with risk, and you should keep that fact in mind and jot down potential rules as you explore the contents of this book.