Time flies and it’s already a year since I have embarked on trading the US market. My result sheet is far from fantastic as my capital gain still fall short from my capital loss last year, despite my better trade executions this year. This is because I have downsized my positions and used less CFD (margin) to trade, as a result, my gains are smaller compared to old losses on CFD. Looking back, I would attribute 50% of my gains this year to luck and 50% to discipline. Discipline to wait for the right signal before entering, discipline to set a stop loss and stick to it, discipline to keep the winner and not take profit too early. Speaking of stop loss, here are some lessons that I have learnt thus far.  Limit stop loss determines how much we will lose when we are wrong and trailing stop determines