分類:Guidelines - All

G

• Guideline 01. Understanding how markets work is fundamental
• Guideline 02. If something looks like a reliable pattern, it will likely trade like a reliable pattern
• Guideline 03. Edge exists, but small and fleeting
• Guideline 04. Again, edge is always small and fleeting
• Guideline 05. There is a world of difference between knowing and doing
• Guideline 06. A trader needs a mathematical advantage to make money
• Guideline 07. Positive trader’s equation is the key to success
• Guideline 08. The single most important determination is whether there will be more buyers or sellers above and below the prior bar
• Guideline 09. Again and again, edge is always small
• Guideline 10. Be open to all possibilities, including the exact opposite of what you expect
• Guideline 11. Every time before entering a trade, make sure to consider what the market is telling you if instead it breaks out of the opposite end of the signal bar
• Guideline 12. Understanding trend bars that create breakouts is one of the most important skills that a trader can acquire
• Guideline 13. If a setup fails to take an opportunity to do something strong, the setup is weaker than it looked like
• Guideline 14. If you are too confident, your arrogance will make you lose
• Guideline 15. 60 percent is 60 percent in only 90 percent of the cases and can be 90 percent sometimes and 10 percent at other times
• Guideline 16. The single most important thing that you can do all day is talk yourself out of bad trades
• Guideline 17. The market constantly exhibits inertia and tends to continue what it has just been doing
• Guideline 18. If ever you feel twisted inside because a pullback is going too far, you are likely mistakenly seeing a pullback when in fact the trend has reversed
• Guideline 19. The market can stay irrational much longer than you can stay solvent
• Guideline 20. Never argue with what the market is telling you
• Guideline 21. The goal for chart reading is to learn how to read fast enough so that you can understand what is happening in real time
• Guideline 22. Indeed, it is not fair
• Guideline 23. Price action is based on human behavior and therefore has a genetic basis
• Guideline 24. Always have a protective stop in the market to protect you from the greatest danger of yourself
• Guideline 25. You will not make money until you do your own analysis and ignore all external influences that promise you success
• Guideline 26. Don’t watch TV or read any news
• Guideline 27. You need to be trading a size where you are comfortable with any decent signal and remain comfortable if you lose two or three times in a row
• Guideline 28. "I don’t care!" is the most useful mantra
• Guideline 29. Use the "I don’t care" mantra correctly
• Guideline 30. Market inertia can be stopped only by excess
• Guideline 31. It is difficult to reverse a position for most traders
• Guideline 32. Never trade countertrend unless there first has been a strong break of a significant trend line, and the signal is a reasonable setup for an always-in reversal
• Guideline 33. Again, countertrend trade needs strong setup
• Guideline 34. Too early is always worse than too late
• Guideline 35. Failure of failure has high probability of success
• Guideline 36. When you see that one side is suddenly trapped, the reliability of a scalp in the opposite direction goes up
• Guideline 37. If the market suddenly runs stops and then resumes its trend, this is a reliable setup for at least a scalper’s profit
• Guideline 38. Never make a quick decision to place a trade on a sudden, large trend bar when you have lost touch with market
• Guideline 39. You goal as a trader is to make money, not to make trades
• Guideline 40. Trade only the very best setups until you are consistently profitable
• Guideline 41. Trading is a job, not a hobby
• Guideline 42. Beginners should start with trading pullbacks in a trend and using a stop order for the entry
• Guideline 43. When starting out, you should consider trading the SPY instead of the Emini
• Guideline 44. Only buy high when the market is in one of the established clear and strong bull trend patterns, vice versa
• Guideline 45. The two most important feelings of profitable traders are uncertainty (confusion) and urgency, not fear and greed
• Guideline 46. When a trader is uncertain or confused, the market is in a trading range and he should only buy low and sell high
• Guideline 47. When there is a trading range, buy low sell high
• Guideline 48. Good fill, bad trade, and the corollary of bad fill good trade is not as reliable
• Guideline 49. The first hour or two is usually the easiest time to make money
• Guideline 50. If you are down on the day, the smartest thing to do is just make sure that you follow your rules into the close
• Guideline 51. Always ask yourself if the setup is one of the best of the day if you are about to take it
• Guideline 52. A tight trading range is the worst environment for entering on stops
• Guideline 53. A tight trading range trumps everything
• Guideline 54. Decide on the always-in direction and trade only in that direction until it changes
• Guideline 55. The best signal bars are trend bars in the direction of your trade
• Guideline 56. Trends constantly form great-looking countertrend setups and lousy-looking with-trend setups
• Guideline 57. You will not make consistent money until you stop trading counter-trend scalps
• Guideline 58. Until you are consistently profitable, take only trades where your potential reward is at least as large as your risk
• Guideline 59. Trader’s equation has three variables, and any setup with a positive result is a good trade
• Guideline 60. Experienced traders can scale into (or out of) trades to improve their trader’s equation
• Guideline 61. You will not make money until you start trading with-trend pullbacks
• Guideline 62. Trading reversal needs strong setup
• Guideline 63. You will not make money unless you know what you are doing
• Guideline 64. You will not make money unitl you find a trading style compatible to your personality
• Guideline 65. You will not make money if you lose your discipline
• Guideline 66. Don't trade during a report, emotional, or when you are tired
• Guideline 67. Always look for two legs
• Guideline 68. Good trades catch you by surprise and are easy to miss
• Guideline 69. The key to success is avoiding the losers
• Guideline 70. Use "What if I am flat" mindset to handle the "What should I do" situation
• Guideline 71. Keep your trading as simple as possible until you are profitable
• Guideline 72. If you find that you frequently take swing trades, but quickly convert them to scalps, you will probably lose money
• Guideline 73. If seven of the past 10 bars are mostly above the moving average, do not look to short
• Guideline 74. Beginners should take only the best trades
• Guideline 75. Discipline is the most important characteristic of winning traders
• Guideline 76. The second most important trait of great traders is the ability to do nothing for hours at a time
• Guideline 77. Work on increasing your position size rather than on the number of trades or the variety of setups that you use
• Guideline 78. If you perfect the skills of trading, you can make more money than you could ever have imagined possible