'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Friday, June 28, 2024

Daily Trading Notes

Following are notes to be aware of when confronting the market

1. Don't impose will in the market. Trade what charts do.

2. Wait for the right timing/pattern to emerge. Don't manufacture trades.

3. Gad'm shit - cannot trade the market everyday!

4. Add to winning trades, not to losing trades.

5. Don't trade/send money to suicide mission.

6. Don't just trade for the sake of trading.

7. Market doldrums - 8:30am - 11:30am. PT (need to be aware of, market is taking lunch break)

8. Trade smarter not harder. Focus on the process.

9. Trade with an edge. Trade with sense.

10. Trade what you see.

11. Be accountable. Protect capital.

12. Be patient. Wait for the right trade setup.

13. Be consistent. Be selective.

14. Cut losses. Always put stop.

15. Job is not trading. Job is to make money.