Current trading rules for myself because I am learning, I am not being discipline, and I finally spent the day loading in my trades (I knew I was in the red but I was clearly in delulu-land)
1. Temporary Change: PM/AH has been running recently. I am not in the business of fighting the market. My no PM/AH trading rule will be temporarily lifted as long as I stick to small size and proper risk management.
2. No sub pennies (so far they are not for me)
3. Stop over trading
4. Just take the danm profits (see 5 to get it through your thick skull)
4a. If you're going to scale out make sure the next stop loss is higher than what you bought it for
5. Don't you dare "Hold and Hope" (that is not a strategy)
6. Stop following trades and giving into FOMO (you do better when you plan them yourself and take those singles, also refer back to 4a for successful profits)
7. Post your trades at the end of everyday or at the very least at the end of the trading week. Analyze, dissect, reflect, ruminate, improve.
This list can be added, altered, updated, and changed at any time... depending on how knuckleheaded I am being or if I qualify for some gold stars.
But for now "This is the way".
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