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My trading rules

(2016-01-21 04:44:52) 下一個

RULES 
- NEVER trade before 10:00am (10:30am on Mondays - if at all) to avoid IV inflation 
- Buy ONLY slightly OTM options 
- If the play isn't there....DONT PLAY 
- Close all ORB trades same day  
- Get 30%.....no matter WHAT (100% on earnings) and get out.  
- Keep losses SMALL/Cut trade immediately (20%) if goes against you 
- Tune out noise 
- LOG ALL PROFIT/LOSSES DAILY - Nobody is going to keep you accountable like you will (Deleted my name here) 
- Use ONLY excess profit over 30% for lottos 
- ONLY day trade: AAPL, AMZN, BABA, FB, GOOGL, IBB, IWM, NFLX, NDX, PCLN, QQQ, SPY, TSLA

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