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10 Points For Traders

  1. Don’t trade your opinions trade a carefully written trading plan that expresses a methodology with an edge.
  2. Don’t trade your emotions trade your quantified entry set ups.
  3. Stop exiting when your scared and exit with your trailing stop is hit.
  4. Only trade when the market environment gives your system a green light, go to cash when the market gives your system a red light.
  5. Stop trying to force trades, trade the signals not the noise. Wait for a reason to trade.
  6. In losing streaks trade smaller and smaller until you start winning again.
  7. Quit trying to make some great public “call” about a bottom and focus on making money.
  8. Sometimes it is not about making money it is about keeping what you have and playing a strong defense.
  9. The sloppy the price action the pickier you have to be with your entries.
  10. The more volatile the market the smaller you should be trading.

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