My TRADING RULES based on 4years

1. Avoid Greed and Impulsive Entries

Never enter a trade impulsively or with greed. Instead, look for optimal entries and consider scaling into positions.

2. Gradual Entry Strategy

Enter trades in 3 steps:

1. Initial entry with 30% of allocated capital

2. Dollar-cost averaging (DCA) at 30% loss

3. Additional DCA at 50% loss

3. StopLoss: A Crucial Risk Management Tool

Always set stop-losses to limit potential losses. Failure to do so can result in significant losses.

4. Leverage Management

Use small leverage initially and increase as needed. Leverage can amplify profits but also increases liquidation risk.

5. Trade Management and Risk Reduction

If a trade turns against you, consider cutting your position in half at the entry point and waiting for a potential DCA opportunity.

6. Take Profits Along the Way

Take profits at 20%, 50%, and subsequent levels to lock in gains and reduce risk.

7. Stop-Loss Adjustment

Adjust stop-losses as the trade progresses:

1. Move stop-loss to the given price in the signal

2. Move stop-loss to break-even (entry point) at 20% profit

3. Move stop-loss to the first take-profit level at 40% profit

8. Consistency in Trade Sizing

Maintain consistent trade sizing to avoid disproportionate losses.

9. Research and Due Diligence

Conduct thorough research and analysis before entering a trade, considering multiple time frames and technical indicators.

10. DCA

Master the art of DCA timing to minimize risk and maximize rewards.

11. Risk Management

Always prioritize risk management and adjust position sizing accordingly.

12. Market Awareness and Adaptability

Stay informed about market trends, world events, and economic indicators to adapt your trading strategy accordingly.

13. Stop-Loss: Embracing Losses and Managing Risk

is important.

14. Risk-Reward Balance

Maintain a balance between risk and reward, adjusting position sizing and leverage to manage potential losses.

16. Emotional Discipline and Patience

Cultivate emotional discipline and patience, avoiding impulsive decisions based on greed or fear