Guideline 28. "I don’t care!" is the most useful mantra

Guideline 27

Guideline 29

“I don’t care!” That is the most useful mantra. I don’t care if I lose on this trade, because I am trading a small enough size that a loss will not upset me and cloud my judgment.

• I don’t care what the experts are saying on TV or in the Wall Street Journal.
• I don’t care what is happening on the 3 and 1 minute charts or on volume or tick charts, and I don’t care about missing all of the wonderful signals that those charts are generating, because if the trades really are good, they will lead to 5 minute signals as well.
• I don’t care that the market is way overdone and is due for a correction.
• I don’t care about indicators, especially squiggly lines that show divergences in a huge trend (meanwhile, there has been no trend line break), but I do care about the one chart in front of me and what it is telling me. I also care about following my rules and not allowing any outside influence talk me out of doing what my rules are telling me.