Wednesday, June 10, 2015

Trading Rules and Setups

  1.  DO NOT trade before the first 15 min
  2.  Trade ONLY the BEST setup
  3. Max loss per day should be $100 before commission.
  4. After 3 losing trades back to back, stop trading
  5. If your first trade is a loss, DO NOT be AFRAID to take another trade.
  6.  DEFINE your risk, ACCEPT IT and TAKE the trade without hesitation
  7. DO NOT take profits without a reason to. Min is  $30cts
  8. Short on POPS and buy on DIPS
  9. Check Volume, Support and Resistance before entering a trade.
  10. NEVER follow another person’s trades. Trade your own ideas


      6:30am – 7:30am
  1. 15 min opening range breakout on pre-market gapper
  2. 15 min opening range breakdown on pre-market gappers
   7:30am to 9:00am
  1.   Bottom Reversals
  2. ABCD/Bull flags