It is always hard to deal with trading losses. Here are some simple trading rules that might help to calm nerves, to avoid further upset and so to keep us on path to pursue our goals:
1. It is all about capital preservation. Each trading losses should not exceed 5% of the total capital.
2. Set stop loss level to minimise trading errors.
3. Do not let winners turn into losers.
4. Use stop loss to protect profits.
5. Do not add on losers for cost averaging.
6. Stay sway or cut your losses when you become indecisive.
7. Rather wait and see when the market trend is not clear.
8. Trade when the market is active.
9. Do not enter because you are bored, likewise, do not exit because you are impatient.
10. Do not overtrade.
11. Do not simply alter your trading strategies if not for a sound reason.
12. Always remember that losing is part of the game.
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