6.BE EMOTIONLESS. Two biggest emotions in trading: greed and fear. Do not let greed and fear influence your trade. Trading is a mechanical process and it's not for emotional ones. As Dr. Alexander Elder said in his book Trading For A Living, if you sit in front of a successful trader and observe how he trades, you might not be able to tell whether he is making or losing money. That's how emotionally stable a successful trader is.

7.DO NOT TRADE BASED ON A TIP FROM A FRIEND OR BROKER. Trade only when you have done your own research and analysis. Be an informed trader.

8.KEEP A TRADING JOURNAL. When you buy a stock, write down reasons why you buy, and your feelings at that time. You do same when you sell. Analyze and write down mistakes you've made, as well as things that you've done right. By referring to your trading journal, you learn from your past mistakes. Improve on your mistakes, keep learning and keep improving.

9.WHEN IN DOUBT, STAY OUT. When you have doubt and not sure where market or stock is going, stay on sideline. Sometimes, doing nothing is best thing to do.

10.DO NOT OVERTRADE. Ideally you should have 3-5 positions at a time. No more than that. If you have too many positions, you tend to be out of control and make emotional decisions when there is a change in market. Do not trade for sake of trading.

Above all rules, there is one single most important element in trading success: YOU. The markets have been same and will always be same. You decide whether trade is a success or failure. Losing is part of game. Don't give up and keep improving. Be disciplined, determined, persistent, and most of all enjoy your trading.

There are thousands of ways to cut your expenses. The best place to find ways to do this is to visit my Budget Stretcher Partner sites. Here is a list of some of best money saving sites on internet:

TheFrugalShopper.com http://www.thefrugalshopper.com GreedyFools.com http://www.greedyfools.com/affiliates.php?partner=BudgetStretcher BetterBudgeting.com http://betterbudgeting.com Debt Smart http://www.DebtSmart.com The Stay-At-Home Parents Page http://www.geocities.com/sahmlomano/index2.html Brighter Futures http://www.brighterfutures.com FreelanceByU http://www.freelancebyu.com Tidbits from Pantry http://www.humansrv.net Usave2day.com http://www.usave2day.com MoneyMakingMommy.com http://www.moneymakingmommy.com You Save On Taxes.com http://hop.clickbank.net/?terryrigg/wmdctp Abbys Good Stuff for Free http://www.anycities.com/abbys Freebie Haven http://www.121fun.com

If you have a family your next problem is going to be how to sort your money. When you have your list of expenses you will need to assign responsibility for each of those expenses to a member of family.

I wrote another article that explains this process in detail and provides specific examples of how to sort your money. You can see this article by clicking on below link:

http://www.homemoneyhelp.com/articles/sortmoney.html

As with anything else you will need to make adjustments. Even if you decide to keep a ledger to track your expenses circumstances change and you will need to adjust these figures as well.

Knowing how much you spend is important, however, it is not as important as having money to cover your expenses. If you have what it takes to keep track of every penny you spend I would recommend that you do this for a couple of months and use these figures to help you set up your household budget.

If you have tried using a ledger and find that it's just to difficult I would use method I've just covered.

The main reason budgets don't work is that they are just too hard to keep up with. By setting up your budget to be as simple as possible you are increasing your chances of making it work.