You'd like to think that trading in the stock market is a lot like chess, cerebral and deliberate, coolly executing moves planned out in advance.

In reality, however, it often seems more like roulette, full of random luck and raw emotion, watching a bouncing white ball, hoping for the best.

I have gone through umpteen iterations of strategy, trying to boil it down to some rules that result in more profits than losses.

Getting in
– placing the bet

Getting out
– limiting losses and protecting gains