sweet mother of luvin fuk...am i dreaming or what..holy shite
come on..what the fuk in hell do these shit heads think they are at..really
Monday, January 19, 2009
My Trading Rules
I'm going to use this post to keep track of some common sense trading rules, and will also track how much real $ money breaking these rules has cost me (tracking from Wed. 1/14/2009).
1. Do Not put on a trade if you're on a time crunch. ($100)
2. Do Not put on a trade in the first half hour (8:30 AM - 9:00 AM Central)
3. Do Not put on a trade if you're frustrated or not in a calm mindset
4. Do Not rush into a trade. If you feel like the trade is running away from you, Let It Go! There will be another setup a few minutes later.
5. Do Not widen your stop once you're in the trade.
6. If Price is greater than Mid-Point; Only take Longs unless Price is rejecting a higher area of resistance such as the Upper Value Area. ($200)
7. If Price is less than Mid-Point; Only take Shorts unless Price is rejecting a lower area of support such as the Lower Value Area.
8. Do not even attempt to catch an absolute Top or Bottom. Let price make a higher low prior to going Long from a Bottom; and let price make a lower high before taking a short position from a Top. ($250)
Total Cost/Tuition: ($550)