Law 1. No risk, No advancement
No trader ever became really rich without taking risk!
90% of traders don't ever make it to the higher orbit due to fear of risk!
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Law 2. Risk with minimum risk
Risk should be taken at the point of maximum probability of its going in your favour.
The risk war is already won by the true trader before the start of the war!
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Law 3. Risk as per appetite
Know "How much is too much".
Bite what you can chew, otherwise it can choke you!
Never risk all. Keep spare regeneration seeds.
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Law 4. Risk correct
Think about taking risk only when you know how to!
Don't go for the Lion Safari without Knowledge and Experience.
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Law 5. Risk with boundaries
Draw the line beyond which the risk would be accepted as having gone wrong and position closed.
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Law 6. Avoid risky risks!
There are times when risk is risky and should be respected and spared.
When in doubt, stay at home.
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Law 7. Insure the risk
Have a plan B ready.
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Law 8. Identify your favourite risk
Many traders became millionaires by repeatedly taking their "favourite" risk.
Risk which they have mastered.
Risk which has been exposed before them.
Risk whose every contour they know by heart!
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