Once you get the hang of stock trading, life feels like enlightenment.

1. Always keep half position: cash is courage, positions are your life.
2. Select no more than 5 good stocks; never even look at ST stocks.
3. Cut losses without hesitation at -5%; take half profits at +10%.
5. Stay in cash if there's no opportunity; only those in cash deserve to catch the bottom.
6. Short-term trading is a one-night stand—leave at dawn without any commitment.
7. Don't trade right after market open; the opening is just a show for you.
8. A crash is the best stock screener; while others cry, you turn the tables.
9. The more sensational the news, the more you should scrutinize it; good news never comes your way.
10. Always reduce positions before holidays; long weekends have black swans that feast on full-position holders.
11. Margin trading is a slow suicide: you laugh when you profit, but no one bears your losses.
12. Don't touch stocks with low volume; a store with no customers will eventually close.
13. Shrinking volume means washing out; expanding volume means running away—those are the only two tricks of the smart money.
14. Only ride with the leading stocks; the laggards crash even harder than the leaders.