1. TRADING RULES & PLAN

General

 

• Risk & Personal Responsibility – the only way to survive in the long term
• Gambling – in/out 100x a day without big picture
• Survival & Inventory – you hard earned cash is your inventory, never stockout
• Patience – wait for big market moves, give price time to executes
• Turtles wins the race – think in terms of months / years compounding power 
• Self-discipline – making a conscious commitment to pay attention to what you are doing
• Getting Rich Scheme – means repeatable trading proces plotted into months
• Market Has No Feelings – you cannot persuade it
• Todays market price – has already factored all news and economy
• Do not chase the price – wait once it back to demand zone
• Do NOT fall in love with markets – being profitable means often boring, not excitement, it must generate money for your living, not consuming time only

S&P 500 / BTC – Trading Rules

 

• Entry
  • when you enter a trade do not look at profits to take, start from exit in the worst case scenario first. Which means lower levarage. Less profits but profits. Week by week will increase.
• Stop Loss
  • no stress, no blow up account, liquidation of positions cannot be reachable ideally 2x lowest/biggest position and not less than 30%
• Follow intraday price action
  • it does not matter what you think will happen
  • 50% times your assumptions will be wrong 
  • the only thing matter is price action
  • follow smart money, whales, intraday action
  • do not stay angry, just follow price flow
• Be consistent winner
  • pyramid winning positions
  • book profits often
  • move stop loss to breakeven
  • you trade your account, not instrument
  • finish day with win trade
• Assess market phase
  • based on daily/weekly/monthly time frame (up, down, sideways, reversal up/down)
  • check top 6 Stocks (20% market cap) – assess Risk Reward direction
  • check EUR/USD trajectory
• Analyse institutional tools:
  • VWAP – assess phase: balanced (rotational), imbalanced (trend), reversal (imb. failed), breakout (balance failed)
  • Footprint – check out on 4h in which direction there are smart / institutional orders placed
  • Market Blocks/Letters – next potential targets depend on scenario
• Track US economical calendar
  • Be aware about when big meetings takes place
• Play defense game
  • Trade only when you spot great quality set ups
  • Checkout morning EU and afternoon US opens
  • Eliminate bad habits – limit amount of trades
  • Increase batch size instead amount of trades
• BIG wins
  • are crucial to stay positive & get motivated!
  • when market gives you signal MUST take it