Discipline Will Make Or Break You
Trust The Process
Using strategies that have been proven time after time we know to TRUST THE PROCESS. This is a common struggle for new traders but once they get over this hump it is green pastures ahead.
Trade With The Trend
Unless we are using our RIDE strategy (Approximately once a day), we always trade with the trend. This is the best way to avoid getting stopped out of your trades and being profitable.
Wait For Price Action
Because we only trade ODTE’s the price action is as important as it gets. If the price action is poor it is telling us not to take the trade. If the price action is good we know to move forward with the trade.
Know Your Stop Loss
Either physically set your stop loss or psychologically know what it is. Remember that losing trades is normal. The goal is to take small losses and capitalize on the winning side.
Take Profits
When you are in a favorably moving trade, take profits along the way. The ODTE swings can turn quickly on you. Pigs Get Fat, Hogs Get Slaughtered!
Don’t Force A Trade
Patience, Patience, Patience! There are multiple good entries on the available trading days. Let them come to you and you will be rewarded.
Keep Emotions Out
You don’t need to be a robot, a big win makes anybody happy. If you are propely trading with your stop loss it is easy to get frustraded if you lose a few in a row or have a red day. Let that type of emotion go and stick with the plan.
Never Chase Losses
The fastest way to lose your money is to start chasing your losses. Stick with your plan and trading size. It’s easy to calculate how fast you can lose 2x, 4x, 8x, etc.
Practice Discipline
Every day that you are trading practice all of these disciplines. keep track of what you did right and what you did wrong on each trade until you know that you are a DISCIPLINE TRADER.
With our fair warnings by text and or voice alerts you can trade from anywhere as you go about your day. Although we do recommend that you watch a chart when you are in a trade, most of our entries and exits last only a few minutes!