Take Profit Rules.

*Do not let profit run into a loss.

1) Exit on hitting chart resistance line or your price objective.

2) On sighting bearish reversal pattern.

3) Take windfall profits if stock sudden spike-up in price.Don't even try to find out the reasons.
You barely get the real ones.

4) It'll be easier to do this if your expectations are not so high or when you are on "contra".Any
sudden drop could wipe out your instant gains.

5) Use trailing stops to protect profits i.e: A protective order placed just below the price your
stock is doing.

6) Stagger your profit targets.Take partial profits as market advance half or one-third and
the remaining balance to fight the market.

7) Sell-stay out if price closed below your support line.

IMPORTANT LIST OF DISCIPLINE TRADERS.

1) Accumulate surplus after winning trades and use only in emergency or times of panic.

2) Do not get in when in doubt.

3) Never overtrade.Use stop-loss order.

4) Do not close trades without a good reason.

5) They never buy to get dividends.

6) They never buy just because the price of the stock is low or sell short just because the price is
high.

7) Avoid increasing their trades.After a long period of success or a period of profitable trades.

8) They distribute their risks equally. They trade 4-5 stocks if possible avoid tying up all their
capital in any one stock.

9) They never limit or fix a buying or selling price.They trade at market price.

10) They are careful about pyramiding at the wrong time.They wait until a stock is active and
has crossed resistance levels before buying more.

11) They divide their trading capital into ten equal parts & never risk more than one-tenth of
their capital on any one trade.

12) Spreading the risks and has access to trading capital.

GOOD TRADERS DON'T NEED REASONS..........BUT BAD TRADERS DO.

When market goes your way,you don't care why.When you are losing you need excuse and a
reason why! Do your own research. If you are wrong get out! Don't waste emotional energy looking "WHY" .Your broker may lend you a shoulder to cry on.Don't expect more sympathy unless you keep on trading.

"IF one share turns bad....SELL IT!
IF WHOLE market turns bad - SELL EVERYTHING - Although it is worth remembering that
a SECOND chance often occurs."