Trading Rules
- Always have a plan for the day. If the market moves against it, sit on the sidelines and re-assess.
- Trade with clear targets in mind. Expectation, stop loss, alternatives. Do NOT trade if you don't know the direction (or count) or what it could be.
- When opening a trade, check all signals - daily projection, timing window, RSI, Buy/Sell Extremes, cycles. Look for reasons why NOT to take the trade.
- Do NOT gamble! If not sure what the market would do very short term - wait!
- Never chase, unless you have great reasons why you should do that.
- Never trade against the trend. Look at ML (price below or above), 1 and 2.5min cycles (up or down) and danny and momentum for short term direction.
- Never trade emotions. Fear and greed are your worst enemies when trading!
- Never trade when not feeling well or angry, sad, upset.
- When in the trade - be 100% there. No distractions.
- If you can't be 100% there - don't trade. There will always be another opportunity.