Trading Rules

Realize that your worst enemy when it comes to trading is you!

 

  • Be Aware of Euphoria & Self Sabotage in your trading
  • Trade Without Fear but Disciplined with Rules
  • Don't lost money – Then compounding effect works against you
  • Ability to sit with a position
  • Keeping your emotions in check
  • There is no hope, no fear, no hesitation, no bias, no wishing and imposing of my beliefs
  • The market does not care who I am -> it is not there to fulfill my dreams or hopes
  • The market has no responsibility to give me anything -> But it will take away everything & more
  • I'm totally responsible for all my trading decisions
  • Never ever impose my beliefs on the market -> ever!!!
  • Have an objective state of mind
    • To sense the flow of the market
    • Trade on the right side of the market
    • Ability to sense what is actually happening in the markets
    • At the same time not paying attention to the market tick by tick
  • Don't be a hero! Minimize your positions or stay in cash during market corrections
  • My Job: Keep booking the profits and building that equity curve!