The top ten secret of successful trader

Just read through Technical Analysis for Dummies, 2nd Edition again to refresh my memory on technical analysis. Found this chapter is significant for a technical analyst, which are the behaviors of  successful technical trader. Wish to highlight it here to remind myself at the same time share to all of my blog reader.

1. Trust the chart. After select securities to trade (either by its fundamental, news or other reason), follow the chart rather than other factors.
2. Befriend the trend.
3. Understand that you make real cash money only when you sell. Take profit when necessary according to technical analysis rather than buy and hold.
4. Take responsibility. Have a reason for making every trades and never have the thought of "gamble".
5. Avoid euphoria and despair.Define suitable trading system and follow it strictly.
6. Focus on making money, not being right. Admit failure, willing to cut loss according predefine stop-loss rather than stubbornly thinking self is correct.
7. Don't let a winning trade turn into a losing trade. Define trading and money management rules.
8. Sidestep the temptation of curve fit. Backtest indicators on historical data to find parameters worked the best.
9. Know when to hold `em and when to fold `em.
10. Diversify. Diversification through the choice of indicators(Use indicator with different principle) and choice of securities.

Happy investing!