Ten Tips for Trading

 My Ten Tips for Trading for Trading or Investing in Stocks

1. Enter into every position with an established stop loss and do not ever move that down.  Minimize the maximum loss.
2. Don't trade too many stocks, but don't stick to the same 2 stocks either.  Never more than 10 total positions.  Explore other areas, research blogs, AI assist, Reddit, all good areas to look for other ideas.
3. Come up with a strategy that works for you and stick to it, as a person who is easily influenced I try not to read too many how to articles as it can knock me off my game.
4. Learn to play both sides of the trade, markets go up and down, inverse funds like QID or FAZ can help hedge markets.  Some individual stocks will have inverse ETFs, like RGTI/RGTZ
5. Use market orders sparingly, mostly just when buying, sells should almost always be limit orders.
6. For selling, raise the stop loss limit, if I'm up 10%, I'll move the stop loss to 5% to help lock in gains.
7. Use trailing stop percentages, can be helpful to capture big intraday moves.
8. When in doubt get out.  
9. Losses will happen and they often come with a lesson learned, either you deviated from your strategy or your strategy needs to evolve, or it was just a bad idea and you just gotta try again.  Losing money is a great way to learn a lesson.
10. There is no perfect trading system.