My Basic Trading Rules for June 2010

  1. Do not trade in the first hour of trading and with 13 to 14 do not open new positions.
  2. No averaging
  3. There is a USD loss limit for each trade.
  4. Stop on average 10C, if I decrease the position size more
  5. If two days are negative, the third I do not trade
  6. If three deals in a row are negative, I stop trading on 30 minutes
  7. If the market is worth, do not open new positions
  8. Trying to get the maximum position, if possible
  9. Never tryna beat off big minus days the next day
  10. I always have a stock trading plan
  11. All stocks have a stop, if they are not thin
  12. I move my stop to breakeven if possible
  13. Waiting for my entry point, better 3 hours to watch the action, than to enter in a bad place
  14. When emotions arise, I walk away from the terminal
  15. I try to comply with my Trading system
  16. I do not listen to other people's ideas, just my ideas
  17. The potential in the transaction is not less than 50C always
  18. I leave only after reaching a predetermined goal or on foot
  19. I constantly analyze mistakes in my trades and make rules from them, so as not to repeat
  20. Only competent deals
  21. Don't think about money
  22. If the whole day was in the red and turned out to be a plus, I close the day and don't trade anymore
  23. If lost 30% from the maximum plus per day, I close right away
  24. More 2-3 I don’t climb once in one and the same action
  Rules for trading the first month on the NYSE
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