10 Golden Trading rules

I am pleased to be able to make a small contribution today to improving your understanding in dealing with the financial markets in general and active trading in particular. There is no question that “The 10 Golden Trading Rules” will not…

I am pleased to make a small contribution to improving your understanding of the financial markets in general and active trading in particular. There is no question: “THE 10 Golden Trading Rules” will probably not exist, as in this area in particular, not one egg is like another. Therefore, the following list is only a small guide to support you in your daily trading routine. Please bear in mind: You are always at the centre of trading! Success does not come about in the mind for no reason and from this consideration it is elementary that you not only deal with clear rules but also with yourself and the personal, very own pitfalls of the human psyche. It is not without reason that you repeatedly experience certain experiments with demonstrably successful trading systems and a group of traders who basically trade according to the same rules – but always achieve different results, which can range from resounding success to total loss.

And thus we come to the points, which from my personal experience are the most important rules:

1.First, discipline:

Without it, you become the hunted in the markets. You only have to trade exactly what you are looking for and under no circumstances should you interpret it. Hyperactivity will definitely have a counterproductive effect on your performance: only the broker is happy.

2.learn to lose too:

In addition to basic discipline, you must also learn to lose. Especially when trading you have to accept this. You will inevitably make the wrong decisions and you must learn to deal with exactly these mistakes. The market will immediately show you your weakness.

3.money management:

In order to cover exactly the first two points, you should think about money management before the practical part of trading regarding trading styles, time frames, setups and the like. Here it revolves around questions like: How much capital should be invested at all? How should the stake be divided? How are the risk parameters adjusted to your total capital? etc. etc.

4.risk management:

Building on money management, risk management follows. Here, the focus should be exactly on the risk of your respective transactions. Questions like: What can I risk per trade? Under which risk/reward ratio (CRV)? The use of stop prices also plays a role here. Allow me to add: Stops are your life insurance in the markets. Without them you run the risk of losing the literal fuel.

5.your personal setup:

You need to know what you are looking for. There should be clear conditions for entering and exiting the market and for trade management in general. If you have developed these yourself, this will create additional security and prevent hectic activity.

6.the hit rate is not everything:

What counts is that you look for a reasonable CRV in relation to the large numbers. One possibility, for example, is the 3:1 rule. This means that you only search for or enter into trades that have a CRV of 3:1. Your goal is, for example, a 15% chance of a 15% return with a 5% risk (without transaction costs etc.). In the long term, you will achieve a steady capital growth even with a hit rate of less than 50%.


This is where Michael Voigt and the “Big Book of Market Techniques” come in – and yet this is exactly what trading is all about. After all, you are not in a beer tent or in the jungle here and are looking for adventure – no – you need duplicable patterns, tactics and simple setups that promise success and keep popping up on the markets.


Of course you also need to be able to wait for the right setup. This can certainly make trading seem “boring” – and yet this is exactly what is needed for successful trading.

9.the plan – your business:

The most important things at the end! Stick to YOUR plan! If you want to turn trading into more than just a hobby, which may even cost money, you cannot avoid seeing it as your own business. In the daily “battle” for profit, you should therefore take all the parameters of survival on the markets into account. Because never forget: The professionals certainly don’t like to let you take their money and that’s exactly what your virtual opponents are!


If you have taken the previous points to heart, you should not have any problems trading. However, you must still be careful to keep your emotions under control. Making transactions on instinct, in combination with the principle of hope – especially when you are buying at a loss – usually brings only one thing: namely the sad decline of your account.

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