1. TRADING RULES & PLAN

General

 

• Risk & Personal Responsibility – the only way to survive in the long term
• Gambling – in/out 100x a day without big picture
• Survival & Inventory – you hard earned cash is your inventory, never stockout
• Patience – wait for big market moves, give price time to executes
• Turtles wins the race – think in terms of months / years compounding power 
• Self-discipline – making a conscious commitment to pay attention to what you are doing
• Getting Rich Scheme – means repeatable trading proces plotted into months
• Market Has No Feelings – you cannot persuade it
• Todays market price – has already factored all news and economy
• Do not chase the price – wait once it back to demand zone
• Do NOT fall in love with markets – being profitable means often boring, not excitement, it must generate money for your living, not consuming time only

S&P 500 / BTC – Trading Rules

 

• Entry
  • smart money most of the time enters the market with limit orders below market average price for the last few days, or weeks so they can liquidate most of retailer before execute major price movement.
• Stop Loss
  • no stress, no blow up account, liquidation of positions cannot be reachable ideally 2x lowest/biggest position and not less than 30%
• Follow the market and price action
  • it does not matter what you think will happen
  • 50% times your assumptions will be wrong 
  • the only thing matter is price action
  • follow smart money, whales, intraday action
  • do not stay angry, just follow price flow
• Be consistent winner
  • pyramid winning positions
  • book profits often
  • move stop loss to breakeven
  • you trade your account, not instrument
  • finish day with win trade
• Assess market phase
  • based on daily/weekly/monthly time frame (up, down, sideways, reversal up/down)
• Track economical calendars
  • Be aware about when big meetings takes place
• Play defense game
  • Trade only when you spot great quality set ups
  • Checkout morning EU and afternoon US opens
  • Eliminate bad habits – limit amount of trades
  • Increase batch size instead amount of trades
• BIG wins
  • are crucial to stay positive & get motivated!
  • when market gives you signal MUST take it