Trading rules followed by successful and profitable traders

“Good trading is 10% technology and 90% psychology. People defeat themselves. It doesn’t matter how often you repeat basic trading principles when almost no one will practice them.” (Maoxian)
People lose money at the stock market for very simple reasons:

1. They don’t have a method at all. They rely on other people opinions.
2. People don’t have a winning method. The method they are trading has a negative expectancy. Being disciplined about stop losses and position sizing won’t help, if you are trading a losing method. Expectancy changes with volatility. When your method stops providing satisfying results, you either find another that is working in the current market conditions or stay on the side until things change.
3. Those who have a winning strategy often don’t use it. They get emotional and forget about their strategy.

Trading in the markets is a process, and there is always ....

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