These are some of the trading rules which are universally valid for stock trading. Take a print out and nail it on your desk.

#Never risk more than 10% of your trading capital in a single trade.
#Always use stop loss orders.( Here you should know your loss you can give in a situation where the trade starts going against you.)
# Never do overtrading.
# Never let a profit run into a loss.
# Don't enter a trade if you are unsure of the trend.
# When in doubt, get out, and don't get in when in doubt.
# Only trade active markets.
# Distribute your risks equally among different markets.
# Never limit your orders. Trade at the markets.
# Extra monies from successful trades should be placed in a separate account.
# Never trade to scalp a profit.
# Never average a loss.
# Never get out of the market because you have lost patience, or get in because you are anxiously waiting.
# Avoid taking small profits and large losses.
# Never cancel a stop loss after you have placed it.
# Avoid getting in and out of the market too soon.
# Be willing to make money from both sides of the market.
# Never buy or sell just because the price is low or high.
# Never hedge a losing position.
# Never change your position without a good reason.
# Avoid trading after long periods of success or failure.
# Don't try to guess tops or bottoms.
# Don't follow a blind man's advice.
# Avoid getting in wrong and out wrong; or getting in right and out wrong. This is making a double mistake.
# When you lose don't blame it on luck. 

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