TRADING RULES

After much pain and trying, I am going to be consistent and follow these rules:

1) I must never think market is EASY. In fact is the MOST DIFFICULT place to make money. Most people lose $$.

2) Patience is the key. Only take a trade if reward is good. For instance
a) Non rewarding : Gent breaks 2.08 but resistance at 2.12.
b) Rewarding: CSE breaks 1.11, resistance at 1.20-1.22

3) Cut Loss at most 3 ticks from break price.

4) Play breakout and let profit runs.

5) Do not underestimate the market and don't limit a stock rise. For instance Indo break 2.45 even at 7.4% is a take.

6) Identify stocks that can be kept and for contra.

a) CDL, RMG, THOMSON for keeping
b) INDO, SOUND for contra