My trading Rules

> Be patient—wait for the opportunity.
> Trade on your own ideas and style.
> Never trade impulsively, especially on other people's advice.
>Don't risk too much on one event or company.
> Stay focused, especially when the markets are moving.
> Anticipate, don't react.
> Listen to the market, not outside opinions.
> Think trades through, including profit/loss exit points, before you
put them on.
> If you are unsure about a position, just get out.
> Force yourself to trade against the consensus.
> Trade pattern recognition.
> Look past tomorrow; develop a six-month and one-year outlook.
> Prices move before fundamentals.
> It is a warning flag if the market is not responding to data correctly.
> Be totally flexible; be able to admit when you are wrong.
> You will be wrong often; recognize winners and losers fast.
> Start each day from last night's close, not your original cost.
> Adding to losers is easy but usually wrong.
>Force yourself to buy on extreme weakness and sell on extreme
strength.
> Get rid of all distractions.
> Remain confident — the opportunities never stop.

Happy Trading :)

teejay...

Investing in Stocks is not Gambling

• Gambling transfers wealth from a winner to a loser because it produces nothing. Investing increases overall wealth because the capital invested in stocks provides the initial funding for firms which exist for the purpose to producing goods and services.
• The value of stocks trends steadily upward over time. They do not seesaw back and forth in the same range forever. In the aggregate, stock investors demand and receive a return that is substantial and permanent.
• In gambling that longer duration you stay more the chances of you loosing whereas in Investing the longer you stay invested more you will earn. :)