Rules

Trading stocks can be an emotional roller coaster, and successful trading requires strict rules and discipline. Here are my rules:

1. Only play with the initial $1,000. Never add cash to the pot.

2. Buy one stock at a time (do not diversify).
   

3. Wait for the 10% gain as long as you have to, then sell immediately.
   

4. Accept that you will most likely lose this money, and be ok with it.
   

5. Don’t quit your job. You may need your salary to pay taxes on your trades.

Above all, have fun and don’t take yourself too seriously.

Tim H.