- Only trade at major inflection support/resistant points.
- Pass on trades that are in middle of range
- Identify the best prices within price patterns - that directly improves reward/risk profile.
- There is symmetry in price movements.
- Trade from position of strength by scaling into these points on retracements.
- Always consult higher time frames for big picture support/resistant points without the extra noises.
- Don't chase. Short into rallies, Buy into dips.
- Patience trumps all. Patience in letting trade work out by staying in. Patience in letting charts set up before committing.
- Trading is a game of probabilities, risk management, and psychological calmness
- You don't have to know what's going to happen next to make money or to be right
- Making the right trade is also about taking managed losses.
- Embrace price fluctuations before price hits target.
- Focus trading success on self improvement, not on dollar amounts. Did I get better today?
Wednesday, January 28, 2015
TRADING RULES
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