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

Swing Trading Rules

 

• Assess market phase – based on daily/weekly/monthly time frame (up, down, sideways, reversal up/down)
• Do not trade sideways market – trade all other, big moves with min. 1:3 RR ratio.
• Max 3x trades – pick up only highest quality set ups

Intraday Rules

 

• Max 1h a day –  this is max time you can focus, all more means losing
• Max 3x trades a day – to avoid overtrade and gambling, pick up only highest quality set ups