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

       Setups

      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