These are the rules I have come up with that are designed to help me address what I feel things that are either causing losses, or address behavior I feel is not constructive to maximize my time with the market. I am going to try posting them at my terminal and reading them during the day. I will keep this post updated if any of these change.
-Revenge trade – stocks and the markets are only out to take your money.
-Overtrade – the market move happens when it happens.
-Let a winning trade become a loser
-Be inactive; always gather and interpret information
-the market doesn’t have to do anything
-don’t be blinded by bias – trade what the market gives you
-no plan = no trade; define risk
-if then statements – evaluate the plan constantly
-you can always re-enter the trade
-avoid giving back gains
-it is o.k. to get a break
-hydrate and snack
-preparation creates success