1. I should only trade with disposable
income.
2. I must treat every trading day / session
as a new one.
3. When placing a trade, I must be
prepared for it to become a profit, loss or break even.
4. I must place a stop loss for every
trade I enter.
5. When placing a scalp trade, my
default stop loss should be 20 pips.
6. I choose to day trade (scalp) only
when I’m not busy doing other things and can focus 100%.
7. I choose to swing trade only when I
can afford the margin to keep a trade alive.
8. I should have separate brokerage accounts
for scalp and swing trades.
9. I should always be cautious to trade
during key data/news releases.
10. I
should look at each currency pair individually, not correlations.
11. I
should not waste time contemplating moves.
12.
I
should never trade just for the sake of trading or to keep busy.
13. I
must never be complacent, arrogant or over-confident.
14.
Most
important of all, I must practise discipline and simplicity.