1. TRADING PLAN & RULES

Risk Management

• Leverage – max 10x, ideal 5x leverage
• Small Losses – the only way to increase account size is to have small losses
• Discipline & System – series of trades (system) over single trade
• Risk/Reward – search trades for min 1:4 RiskReward probabtility

Overtrading

 

• Relax – Don’t need to trade every day.
• Quality – Reducing trades is the key (only quality trades)
• Master One Strategy – master one trading strategy
• One Trade – Only one / two trades are enough for day trading
• Profits – account size increases by making profits not frequent trading.

Critical

 

• Time Element– give price time to execute, stay patient
• Market Goal – take your money
• Supply & Demand – put odds of success in your favour (supply/demand)
• Survival & Inventory – you hard earned cash is your inventory, never stockout
• Smart Money – follow smart money and supply/demand zones

Psychological

 

• Getting Rich Scheme – means repeatable trading proces plotted into months
• Market Has No Feelings – you cannot persuade it by speaking
• Todays market price – has already factored all news and economy
• Do not chase the price – wait once it back to demand zone