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BonTrade Trading Rules


Trading Rules are so important I would like to duplicate this page 50 times so that you take notice. I hope that this statement makes enough impact for me not to have to.........

You must have Rules, and you must play the Rules. Just as with any Profession there are guidelines that you must set yourself, if not there will be chaos, and in chaotic situations you will consistently lose money.

These are our rules here, or some of them. They are not for you to simply copy and paste into your Trading Routine (although you can if you want), they are simply guidelines as to what we (try to) do each and every day to keep us the right side of the market and profitable. These rules enable us to be consistently profitable, we know this for a fact, because we of what happened before we imposed them.


Rule 1

Always follow the Rules. (You knew that was coming, didn't you?).

Sounds silly, BUT MOST DO NOT follow the rules.

Sure, there will be times when rules have to be bent, and down the road when you have a real feel for the market, then you can bend and use some discretion. We don´t advise it at first, but its your call. Sometimes its about staying out of the Market and preserving capital, don´t feel like you need to be trading without breath during Market Hours - Some days we trade only a couple of times, sometimes 10, rarely more.

Rule 2

Have a PLAN. Going into a trade without a plan is a death sentence for the uninitiated (and even then, most Pro Traders know EXACLTY what their game plan is for each and every trade). Discretional decisions are for the experienced Traders, and even then.... Hard.

It is ALL about experience in the Market while it is moving.

Know your reason for entry. Know your STOP LOSS, know where you are likely to take profit. Of course, there often has to be discretion with profit taking, but know where abouts you are taking it and why.

WHEN you are WRONG, take your loss, at your pre-determined stop loss level. Don´t hold losing trades, hold profitable trades.

Rule 2 is extensive, far more so than being explained in this Rule - It will come to you with time, be patient.

When a trade is in the money by a predetermined amount, then bring the STOP to Break Even. Don´t a profitable trade turn to a negative trade, this is why I don´t SWING TRADE. This rule is based around our own trading, trading with short time frames.

Money Management is part of our rules, this is based upon having exacting stops and take profit areas, using scale out techniques.


Rule 3

Trade what you see, not what you think. If the market is going up or down and Trending, who are you to argue with it ?

Rule 4

Trade decisively and with confidence. Any indecision, DO NOT TRADE. Any Scared Money then DO NOT TRADE (or reduce your size to within limits that will make it trade-able for you).

Rule 5

Re-evaluate often and carefully. The markets are not static, why would you be - You must be adaptable. If one type of trade works this week, don´t expect it to next week - The market forever changes, and you must move with it.

Rule 6

If you break your rules make sure you realize that you are going to be at worse odds that if you didn´t - Your rules are your key to consistent profits - If your rules bring you nothing but losses, then they NEED TO BE CHANGED - Adapt !

Sometimes breaking a rule can become positive if the trade ends profitable, but that is not a sign to change your rules. Over time if breaking of this rule does not reduce profitability, then maybe it is time for a re-evaluation. Break the rules and take the consequences.

Rule 7

Learn the BASICS before throwing your money away. Plenty of free trading resource on this site. Ideally, get Mentorship before utilizing Real Hard Earned Money that you care about.


Rule 8

Always follow the Rules

DID we mention Rules 7 & 8 before ? Please understand how important they are.

There are ALSO specific rules to enable the execution of a trade, variables that need to be met to get LONG, SHORT or to COVER.





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The risk of loss in trading securities, options, futures and forex can be substantial. Clients must consider all relevant risk factors, including their own personal financial situation, before trading. Trading futures, forex or securites on margin carries a high level of risk, as well as its own unique risk factors. Forex investments are subject to counter-party risk, as there is no central clearing organization for these transactions. Please read our Private Policy & Disclaimer in full before considering the trading of any financial product. Futures trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, securities or forex markets. Don't trade with money you can't afford to lose. Nothing in our website shall be deemed a solicitation or an offer to Buy/Sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of future result.

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