Trading Do's and Don'ts

MamaMarkets Spreadbetting Do’s and Don’ts

A couple of trading facts for you – 80% of all traders lose but 65% of their trades win. You can be a winner but you need to follow some rules. Try these for starters:

1. Don’t Trade because it’s easier than working for a living
2. Don’t trade because it’s fun
3. Don’t trade because you NEED to make money
4. Don’t trade because you are bored
5. Don’t trade because there was a Free Bet* offer
6. Don’t trade just because it’s tax free**
7. Don’t trade because your mate the banker made a fortune last year
8. Don’t trade a product or company you don’t understand
9. Don’t trade if you cannot admit you are wrong
10. Don’t follow someone’s stock tips unless you know them well enough to sleep with them

* There is no such thing as a free lunch
** There is never any tax on losses

And now the Do’s

1. Keep your discipline
2. Stick to a plan and have a budget
3. Set a target and start small
4. Admit you are wrong sometimes
5. Run profits not losses
6. Educate yourself and listen to the pros
7. Do your research and know your product
8. Remember your broker makes money when you lose
9. Negotiate your brokerage fees and spreads
10. Try to enjoy it

If you get into difficulty STOP! If you make money - don't get Greedy.

Mama knows her markets
Mamamarkets