What are the trading rules you live by?

1- Always do your homework. 2- Don't be arrogant.When you get arrogant, you forsake risk control.The best traders are the most humble. 3- Understand your limitation.Everyone has limitations-even the best traders. 4- Be your own person.Think againts the herd,as they must lose in time. 5- Don't trade until an an opportunity presents itself.Knowing when to stay out of the markets is an important as knowing when to be in them. 6- Your strategy has to be flexible enough to change when the environment changes.The mistake most people make is they keep the same strategy all the time. They say, "Damn, the market didn't beheave the way I thought it would."Why should it?Life and the markets just don't work that way. 7- Don't get too complacent once you have made profits.The toughest thing in the world is holdingon to profits.That is because once you have attained a goal, you then set a second goal that is usually the same as the first one:to make more money.Consequently, for many people, attainment of that second goal is not as rewarding.They may begin to question what they really want from trading and trigger a self-destruct process in which they wind up losing.