These are gold rules of Alexander Elder that every trader should follow to success in the fight against the market
1. Set a line between normal risk and loses
2. Define my maximum risk by less than 2% of my entire capital in every trade including delays and commissions
3. Having a trading roll book to register all your transactions
4. About the Stop-Loss, cut loses under your risk margin, avoid waiting for a change of direction, and use always a SL
5. Keep sober besides the success and profits
6. Only focus in secure and profitable transactions
7. ¨A sailor cannot control the tide, but instead he can control himself¨, study about patterns and behaviors, learn safe sailing techniques to know when to enter the market, and when to stay out of it
8. Study the market trends and avoid the emotional reactions
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