Just sharing my personal focus points going into next week. Areas and rules I need to keep focused on to do well:

 

Trade smaller size (size in positions; not all at once)

 

Resist the temptation to go all-in on any one trade

 

No chasing up or down….let initial position determine trend, if not working sell and get OUT do not buy or sell short more of a losing trade

 

LISTEN to Tim, MG and Crooke...they haven’t steered me wrong yet, all of my failures (big ones) occured when I went against the rules and/or advice of gurus

 

Cut losses at no more than $100-$150

 

trade based on tried and true patterns/setups, be patient about entry points

 

worry about NOT LOSING money -- rather than profit on a given trade

 

LOCK in profits quickly; look to make $200-$400 per trade and build account each week

 

Buy near SUPPORT (limit risk)

 

 

Short near resistance

 

Make sure I have a clear trade plan before pulling the trigger on any stock.