1. Enter into a position with pre-set terms (most technical parameters you use should support it).

2. When you notice a difficulty/obstacle in entering a position, obey that obstacle, and stop the process.

3. Patience- especially when cutting a loss that has not yet reached the stop loss you had pre-determined. Remember you are currently extremely subjective and it is working against your judgment, in particular as you notice your loss increasing, “count to ten” and wait a bit more to the point beyond your decision to exit the position. It works and helps you mitigate your losses.

4. Pre-determine profit lock-in and bearable loss, no matter how difficult it will be to withstand them, and ultimately you will notice how this rule protects you more than you protect it.

5. Always determine your “STOP LOSS” at a level that will mentally enable you to enter into a new position with no delays.

6. Remember that the greater your success, your enemy (yourself) strengthens and can entice you into excess trading risk. To conclude – success like failure can both be a potential illness, so take a break after one occurs.

7. Trading is used to make profits and not create excitement. Trading adrenaline is your enemy – enter into a position only when you are sure it is neutralized, and do not continue trading in a revengeful approach.

8. No matter how confident you are of yourself, never enter a position that is too large in order to profit quick and big. The other side (the one you cannot visualize) is poisonous and painful.  Put aside your dreams of becoming rich overnight and stick to investing, like in any other profession, the hard work, and the blessed day to day commitment. By the way, this is how you protect your physical and mental health.

9. Do not react (buy or sell) to an asset just because it increased or decreased sharply in value in a short time span. This is one example of a reaction that can lead to losses over time.

10. Do not prophesize, but concentrate on forecasting, hedging your risk, and your potential profit. Don’t say it will “break the support level”, wait for the break and react. Don’t say it will “stop”, wait for the stop and react. Etc…

11. Forecasting a change in trend is harder and more dangerous than trading with the trend, and is the most profitable of all. Trade as long as most technical terms you work with are in your favor, although in a partial position that can maximize with proper approvals from the market.

12. Make sure you are in a place that you’d sell your opinion of the market direction for a penny. This way you are immune from the disease named “narrow minded”.