RULE #1 - ONLY TRADE SETUPS!

*Why? When I don't trade set-ups, I'm subject to the unpredictability of the markets. Set-ups are patterns of predictable movement

RULE #2 - HAVE A PLAN B4 ENTRY

*So I'm not gambling on some random stock having random movements and I know exactly what I'm getting myself into

Before the Buy
1. Liquidity & Volatility (# of trades, volume, float)
2. News ("if you don't say wow, it aint a cash cow"
3. Identify Set-ups (KEY support/resistance levels, "Trade Like a Scientist")
4. Review Stock History (previous runner? range? reactions to news? What's the stocks general behavior?)
5. Plan Entry, Define Risk, Plan Exit
6. Make The Move. NO HESTITATION!

RULE #3 - CUT LOSSES QUICK AT DEFINED RISK. NO QUESTIONS ASKED

*So you don't blow your fucking account!

RULE #4 - NO HESITATION!

*1. Stock is moving too fast! I dont have time to be indecisive.
*2. Trust yourself, trust your abilities!

RULE #5 - NO REVENGE, FOMO, OR FORCED TRADES

*Don't try to recoup losses by buying stocks that don't present one of my setups
*Don't jump in a stock that you feel like you should've been in and missed
*Don't force trades when there arent any ideal setups. Be like Water. Let the trades come to you.
*Undisciplined and emotional trading will move you away from predictable price movement and leave yourself subject to the unpredictability of the markets

RULE #6 - DON'T LET YESTERDAYS TRADES AFFECT TODAY'S TRADES

 

RULE #7 - KNOW WHEN TO STAY IN A STOCK VS WHEN TO GET OUT OF A STOCK.

 

RULE #8 -  DON'T BE GREEDY! TAKE  YOUR MONEY!