trading rules

Just to refresh everyone's memories and trading psychic:

Some basic rules that futures traders, which includes currencies, tend to break.

1. Usually they liquidate the good trades and keep the bad ones going
2. Traders often try to carry too big a position with too little capital
3. Overtrade!!
4. They do not define specific risk and profit objectives before trading
5. Even if an establish plan is in place, they tend to 'second guess' it and don't stick to it, especially if it is a losing trade
6. Greed causes some traders to allow profits to dwindle into losses while hoping for bigger profits
7. They frequently have directional bias; eg always wanting to go long
8. Lack of discipline - impatience and need for action
9. Trading against the trend is a common mistake
10. 'CUT LOSSES SHORT. LET PROFITS RUN"