(GAP DOWN) (DOWNTREND CONTINUATION) - JWN

(SHORT TERM DOWNTREND CONTINUATION) (SHORT ON RETRACE) - AMZN

(CONTINUATION) (DOWNTREND) (CONSOLIDATION) - IBM

(REVERSAL) (CONTINUATION) - AMZN

(GAP-FILL) (CONTINUATION) - SPY

GAP FILL - UPTREND- CONTINUATION

(BOTTOMING) (REVERSAL) (SHORT SQUEEZE) - CVX

XOM-RELATIVELY WEAKER, BUT ALREADY HITTING SUPPORT, WHILE CVX REMAINED STRONG

(WEDGE) (DEFENSE) (BREAKOUT FAIL) - FB

2ND STOP HUNTER

(BREAKOUT) (CONTINUATION) - KR

DAILY - STRONG BREAKOUT ON SPY/OVERALL MARKET WEAKNESS

1 MIN

(BOTTOMING) - YELP

WEDGE AT RESISTANCE, SETTING UP FOR BREAKOUT

(FAIL) (FADING) - AVGO

1 MIN

DAILY

(FAIL) - (CONTINUATION) - FB

30 MIN - BUY ON RETRACEMENT TO PRIOR SUPPORT LEVEL

DAILY

NEXT DAY BREAKOUT FAIL

NEED TO ASK: WHAT'S THE SIGNIFICANT INFLECTION ON THE DAILY, IF VIOLATED WOULD
VIOLATE THE WHOLE TREND? AND SET PROPER STOP LOSS THERE.

 30 MIN TIMEFRAME

(BOTTOMING): BABA

30 MIN TIMEFRAME - PATIENCE IS KEY

- NOTICE KEY LEVELS.
- PATIENCE IS KEY FOR PATTERN TO WORK OUT

DAILY

Trading Rules - Psychology

1. When sharp losses in equity are experienced, take time off. Close all trades and stop trading for several days. The mind can play games with itself following sharp, quick losses. The urge “to get the money back” is extreme, and should not be given in to.
2. When trading well, trade somewhat larger. We all experience those incredible periods of time when all of our trades are profitable. When that happens, trade aggressively and trade larger. We must make our proverbial “hay” when the sun does shine. 
3. Day traders can lose money in markets with low volatility.
   Trend followers don’t make money without a trend and lose money in whipsawing markets.
   Swing traders can’t make money in tight ranges.
4. If your trading capital is large enough to meet your financial goals, then you can enjoy it as a sport. If you are trading with a small account and trying to pay the light bill each month, you will experience too much stress to trade with a long-term perspective.
5. Each trade should be just one of the next one hundred. Each trade you make today should just be one for the week. Each week should only be one week during the month. One month’s results are just one out of the entire year. Short-term results can be random; it takes time for a system to play out and to identify an edge during the right market environments that can lead to profitability.
6. You have to monitor your trading to ensure that you’re following your system’s entries and exits with discipline, and that you are meeting your win percentage and limiting your losses per your trading plan. Trading is about the long game and the fortitude to last long enough to reap the rewards of your efforts. Time is your test, stay with it until you win. Survival is half the battle. The other half is comprised of discipline, risk management, and a robust methodology.
7. Time is one of the biggest obstacles that traders will face. Success has more to do with how you manage losing streaks and drawdowns because the winning streaks are easy, but patience is the true test of a professional trader.
8. Work so hard when the market is closed that all their is to do when the market is open is take your signals. 
9. Have a system that profits in up and down trends.
10. Have a system that works in multiple markets.
11. Trade based on the current reality of my position and whether it is right to continue to continue to hold it, I am not biased by my P&L or my entry just the current potential to make or lose money.

Trading Rules - Entries and Exits

1. In a bull market, one can only be long or on the sidelines. Remember, not having a position is a position.
2. Buy that which is showing strength – sell that which is showing weakness.
3. The rule of survival is not to “buy low, sell high”, but to “buy higher and sell higher”. 
4. When comparing various stocks within a group, buy only the strongest and sell the weakest. 
5. When putting on a trade, enter it as if it has the potential to be the biggest trade of the year. Don’t enter a trade until it has been well thought out, a campaign has been devised for adding to the trade, and contingency plans set for exiting the trade. 
6. On minor corrections against the major trend, add to trades. In bull markets, add to the trade on minor corrections back into support levels. In bear markets, add on corrections into resistance. Use the 33-50% corrections level of the previous movement or the proper moving average as a first point in which to add.
7. Never, ever under any condition, add to a losing trade, or “average” into a position. If you are buying, then each new buy price must be higher than the previous buy price. If you are selling, then each new selling price must be lower. This rule is to be adhered to without question.
8. Do more of what is working for you, and less of what’s not. Each day, look at the various positions you are holding, and try to add to the trade that has the most profit while subtracting from that trade that is either unprofitable or is showing the smallest profit. This is the basis of the old adage, “let your profits run.”
9. Don’t trade until the technicals and the fundamentals both agree. This rule makes pure technicians cringe. I don’t care! I will not trade until I am sure that the simple technical rules I follow, and my fundamental analysis, are running in tandem. Then I can act with authority, and with certainty, and patiently sit tight. 
10. When adding to a trade, add only 1/4 to 1/2 as much as currently held. That is, if you are holding 400 shares of a stock, at the next point at which to add, add no more than 100 or 200 shares. That moves the average price of your holdings less than half of the distance moved, thus allowing you to sit through 50% corrections without touching your average price.
11. Think like a guerrilla warrior. We wish to fight on the side of the market that is winning, not wasting our time and capital on futile efforts to gain fame by buying the lows or selling the highs of some market movement. Our duty is to earn profits by fighting alongside the winning forces. If neither side is winning, then we don’t need to fight at all. 
12. Markets form their tops in violence; markets form their lows in quiet conditions. 
13. Increase your trading time frame form the minute or hourly chart to the daily chart. Do not be shaken out of positions prematurely due to intra-day noise. Wait for real signals from key levels on the daily chart 
14. Up trends: Buy breakouts, trail winning trades with short term moving averages, and let your winners run. Range bound markets: Buy weakness, sell strength, fade gaps in price, and take profits while they are available. 

Trading Rules - Patience

1. Be patient. If a trade is missed, wait for a correction to occur before putting the trade on.
2. Be patient. Once a trade is put on, allow it time to develop and give it time to create the profits you expected.
3. Be patient. The old adage that “you never go broke taking a profit” is maybe the most worthless piece of advice ever given. Taking small profits is the surest way to ultimate loss I can think of, for small profits are never allowed to develop into enormous profits. The real money in trading is made from the one, two or three large trades that develop each year. You must develop the ability to patiently stay with winning trades to allow them to develop into that sort of trade.
4. Be patient. Once a trade is put on, give it time to work; give it time to insulate itself from random noise; give it time for others to see the merit of what you saw earlier than they. 
5. Be impatient. As always, small loses and quick losses are the best losses. It is not the loss of money that is important. Rather, it is the mental capital that is used up when you sit with a losing trade that is important. 
6. The final 10% of the time of a bull run will usually encompass 50% or more of the price movement. Thus, the first 50% of the price movement will take 90% of the time and will require the most backing and filling and will be far more difficult to trade than the last 50%. 
7. After the first hour it is much easier to go with the flow of the trend for that day than to try to fight it. Piggy back HFT instead of fighting them as they ramp in one direction.