Principles of successful trading

successful tradingRobert Koppel is the author of critically acclaimed books on investor psychology and money issues, including The Inner Game of Trading and Money Talks: Candid Conversations about Wealth in America, who speaks regularly at financial conferences and strategic forums. His books have been widely featured in the media and translated into many languages. He is a former member of the CME, a hedge fund partner, and president of his own division of Rand Financial. Koppel was the senior business writer for His work has been cited in The New York Times, The Wall Street Journal, and other leading financial publications. Koppel has appeared on CNN, CNBC, and National Public Radio. He lives in Chicago.

In his book The Intuitive Trader: Developing Your Inner Trading Wisdom he list principles of successful trading. Please read them carefully because those are real gems of trading.

Principles of successful trading

  • Define your loss
  • Believe in yourself and in unlimited market possibilities
  • Have a well-defined money management program
  • Don’t buy price
  • Don’t buy tips
  • Don’t trade angry or euphoric
  • Trade aggressively at your numbers and points
  • Focus on opportunities
  • Consistently apply your trading strategies and rules
  • Be highly motivated and goal oriented
  • The trend really is your friend
  • When in doubt stay out
  • Don’t over trade
  • Know how to use orders
  • Never average a loss
  • Take small losses and big profits
  • Have no bias to either side of market
  • Don’t pyramid
  • The crowd is almost always wrong
  • Concentrate on one market
  • Preserve capital
  • Think in probabilities
  • Always trading in a highly positive and resourceful state of mind
  • Act in certainty
  • The markets is never wrong

Igor Marinkovic

Electronic engineer, futures trader and property investor and total beginner in making good web sites