10. Manage risk consistently. This can't be stressed enough. There will be times where you feel so strongly about a trade or times where you want to make back your losses that you go beyond your normal risk tolerance. If you won
, then all is good but what if you lost? Then you are that much farther from reaching your trading goals. The secret to trading success in the beginning is to survive. The markets will always be there and opportunities will always be around the corner. Don't take those opportunities away from yourself by blowing out your account.