- DON'T OVER SIZE YOUR TRADE, LIMIT MAX OPEN POSITION. EVALUATE NET RESULT TO 3 CONSECUTIVE MONTHS. UNTIL GENERATE REVENUE.
- DON'T BE SO QUICK TO ADD POSITION. "EARN WHILE YOU LEARN".
- DON'T TRADE ANYTHING WITHOUT PLANNING AT LEAST 2 HOURS DAILY. PLANNING THE TRADE OF THE DAY.
- IF DAILY GOAL PROFIT WAS HIT. "STOP TRADING ON THAT DAY". IF PROFIT CONTINUE FLOWING, PLACE THE STOP AT THE GOAL PROFIT.
- ADMIT WHERE YOU ARE AND BROADLY ASSESS ALL TRADES SO YOU NEVER TRADE THE WTH (WHAT THE HICK) TRADES.
- DON'T RUSH TO CLICK TO OPEN TRADE POSITION. WAIT FOR THE CANDLE TO CLOSE, SO YOU CAN EVALUATE RISK.
- LEARN TO ACCEPT THE UNCERTAINTY OF EACH TRADE AND BE OK WITH THE FACT THAT ANYTHING CAN HAPPEN.
- IF I HAD A BAD DAY, I IMMEDIATELY DETERMINE 1 OR 3 THINGS:
- WAS I TRADING NOT SMART?
- WAS IT A TOP CHOPPY VOLATILITY VOLUME DAY AND GOOD IDEA DID NOT SIMPLY FOLLOW THRU?
- DID I TRADE GOOD IDEAS THAT SIMPLY DID SOMETHING NOT NORMAL?