My Trading Rules
These rules are a mix of timeless market wisdom and hard-earned personal experience, brought together after years of navigating major mistakes and the painful cycles of starting over. They are the exact guidelines I need to break past old cycles and trade with absolute discipline. Following them without exception is the ultimate goal.
| Code | Description |
|---|---|
| 1% | The maximum risk for each position is no more than 1% of total equity. |
| 1P | Only one position can be opened per currency pair. |
| 2CL | No trading for the day after 2 consecutive losses. (for Day Trading) |
| 1L-X | No trading a previous losing pair unless you have won from any of the other pairs. This will break a losing momentum and forces you to cool off and evaluate the setup on the pair and why you lost. |
| UnCor | Pairs that are the least correlated to each other should be given priority |
| EcoCheck | Check for upcoming economic reports before the start of the session. |
| Eco-5 | No new positions are opened 5 hours prior to major economic reports. |
| Swap+ | No new positions are opened 3 hours before the end of the day unless the position is of a positive swap. Close all positions before the weeked regardless if the swap fees are positive. |
| SL- | Before positions are opened, a stop loss and a profit target level must be thoroughly analyzed. Once a stop loss and a profit target are placed, they shall not be removed or relocated. |
| Micro | Once a position is open, don't micromanage it. Step away from the charts and let your alerts notify you when a stop-loss or profit target is hit. |
| Trend | Never enter a trade without knowing the macro trend, its current retracement, and where your entry setup fits into the structure. |
| XO | Before and thoughout the session, make sure you are not tired, sleepy, etc. If so, trading session for the day must end. |
| 369 | Meditation, proper diet, and exercise should be done daily. |