Rules of Trading

Here are a list of rules I am working on  as I get to know more about myself and my trading. These will change from time to time and I will continue to add them as time goes by.

1. Stick to your plan
2. Respect your stops. Do not exit pre-maturely before the stop is hit and no reason to exit
3. Use 2 min and 5min chart comparison to get a better entry. Then use the 5 min to exit to give you the patience
4. Before taking a trade, view the stock on a longer time frame , 15 min, 30 min and 1 hour on 2-3 days to get a bigger picture of the support and resistance areas.