These are ground rules I trade by.
Risk Management
• Every trade gets a stop, 5% maximum loss total on any trade.
• Protect profits at all times.
• Don't let a profitable trade turn into a loss... ever.
• Profits - Some of it is better than none of it. You'll never get all of it.
Execution
• Buy at support.
• Don't buy or short on the 3rd day of a move.
• Be more patient, go for 10-30% profits rather than 2-5%
Seeking Opportunities
• Look for technical patterns and potential breakouts.
• Before a buy or short check conditions: Market > Sector > Stock
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