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Golden Rules
Trade Only High Probability Entries
- Trade with the trend. The trend is your friend.
Avoid These Common Mistakes
- Don’t try to pick bottoms or tops.
- Don’t try to catch a falling knife.
- Don’t trade based on news, rumor, social media, etc.
Become a True Systems Trader
- Eliminate emotions from trading decisions.
- Only trade on technical analysis indicators, chart patterns, candlesticks, and price action signals.
- Use good risk management. Continously monitor and manage risk.
- Never risk more than 2% of your account on any trade.
- Always use stop losses and obey them.