Description
Welcome to part #2 of our two-part series discussing my 20 (personal) trading rules.
In this episode, I'm laying out my essential rules to ensure your trading system is built on discipline, not luck. Step into my world as I reveal how to dodge the traps of illiquid stocks and the chaos of sudden overnight gaps. You'll witness how I navigate these turbulent waters, using my recent Wayfair trade to illustrate the fine art of taking partial profits, striking that crucial balance to protect your gains while letting your winners reach their potential.Strap in for a deep dive into the mechanics of a trading strategy that's been honed through experience and meticulous journaling. Discover why I shun stocks under $10 and the pitfalls of penny stocks and VIX-related ETFs.
I'll explain the wisdom behind daily stop loss adjustments, steering clear of the good till canceled orders that could leave you exposed. With these rules, you can choose to use all of them, some of them or all of them. Just be sure to develop trading rules so you can live to trade another day!
If you are looking for a trading community, education and real time trade alerts, join our Discipline Trader community, where you'll find camaraderie and support to bolster your journey to long-term trading success.
https://disciplinedtradersacademy.podia.com/
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