- No trading for at least 1 day after 2 consecutive losing days
RULE #2
- Trade my plan - read it once before 9:30am; read it again at 10:30am, 12pm and 2pm
ENTRY & EXIT
- Trade only recognizable patterns
- Enter only upon confirmation of patterns
- Exit only when there's no more reason to stay in trade - when move is losing momentum, when pattern is busted
- No fresh entry after 3pm unless there's a clear trend, and familiar patterns have formed
CHOPPY DAY
- Take small loses in a non-choppy market
- Stay the course in a choppy market, and focus on strategic exit
- No fresh entry after 12pm on a choppy day
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