1) I MUST FOLLOW my rules. 2) Never risk more than 3% of my total portfolio no any one stock trade. There are many old traders. There are many bold traders. But there are never any old bold traders.
3) Cut my losses 5% to 15% when I am wrong without question.
4) Never set price targets. Simply let those profits run. I can never pick tops. Never feel a stock has risen too high too quickly. Be willing to give back a good percentage of profits in the HOPE of much bigger profits. The big money is made from trading the really BIG moves that I can occasionally catch
5) Keep learning and getting better at THIS ONE METHOD of trading. Never jump from one trading style to another. Master one style rather one than be competent in several.
6) Never listen to any opinion about the stock market or individual stocks you are going to trade or are trading. Everything is reflected in then price and volume.
7) Take all valid signals that show up. If an entry signal shows up you have no excuse not to take it.
8) Never trade from intra-day data. This can cause some wrong decisions.
9) Successful stock trading isn’t solely about trading. It’s also about emotional strength and physical fitness. Reduce the stress every day by taking time off the computer and working on other areas. A stressful trader will not make it in the long term.
10) In order to succeed in the stock market you don’t need to do anything exceptional you simply need to Not DO WHAT THE AVERAGE TRADER DOES. Ask your-self every day…did I follow my method today? Answer no and you are in trouble. Mark developed his own momentum stock trading method that takes away all the stress from trading but still maintains fantastic returns in the stock market. He personally ran a $5,000 up to six figures trading a few minutes every week.
