->Paper trade or use a simulated trading Web site to practice your trading techniques before you use your own "real" money.
->Eliminate the fear of losing because "scared" money rarely profits.
->Always limit your losses - use stop loss.
->Learn from your losses - take advantage of each loss to improve your knowledge of the market.
->Never allow large profits to turn into losses. Consider selling if the market moves against you by about 25% or so from your peak profit point.
->If the markets in a given time are not performing or reacting the way you expected, it is best to simply stay out.
->Try to predict the general direction of a stock price but do not try to pick tops and bottoms. You will rarely succeed in accomplishing this.
->The key difference between winning and losing in trading is the ability to exercise discipline to avoid mistakes or bad trading tactics.
->You must subordinate your will to the will of the market. The market is always right.
->Always keep records of your trading results and analyze the results.
->Patience, perseverance, determination and a rational trading plan are the key attributes of a successful trader.
->Never get emotionally involved with your trades as emotions often work against you.
->Learn when you can rely on instinct as opposed to analysis.
Be flexible. Remember that different strategies suit different stocks.
->Always think positive . Optimistic thinking is the key to success
