** DAY TRADING RULES ** **1.** *ONLY ENTER SETUPS YOU KNOW ...
** DAY TRADING RULES **
**1.** *ONLY ENTER SETUPS YOU KNOW CONSISTENTLY WORK*
These are the only strategies I use 👇
These are the only strategies I use 👇
• 15min ORB strategy breakouts with VOLUME
• ABCD (always enter at C)
• breaks of support/resistances
• breakouts of key levels found from previous days on the 5min, 15min, 1hr, or 1Day chart
• Bearish or Bullish divergences (RSI, MACD, OBV)
• Candlesticks patterns= Pin bars, Engulfing, and inside days are the highest probability.
• 3rd touch of trendlines
• ABCD (always enter at C)
• breaks of support/resistances
• breakouts of key levels found from previous days on the 5min, 15min, 1hr, or 1Day chart
• Bearish or Bullish divergences (RSI, MACD, OBV)
• Candlesticks patterns= Pin bars, Engulfing, and inside days are the highest probability.
• 3rd touch of trendlines
**2.** Never enter a trade before the first 15mins of opening bell.
**3** Risk management... play to your account size. Never trade with more than 20% of your account size. *Example*
Account= $1000
You should only be willing to risk $200 at a time (20% of $1000)
Account= $1000
You should only be willing to risk $200 at a time (20% of $1000)
If you want to know 20% of your account just simply multiply your balance by .20
**4** STOP LOSSES
Stop losses are to protect your capital
*Example *
You account is $1000
You enter a trade worth $200 with a stop loss of 30%
You lose that trade and stop was hit and you lost $60 (30% of $200).
You still have $940 in your account to get back in another trade and try again!
Stop losses are to protect your capital
*Example *
You account is $1000
You enter a trade worth $200 with a stop loss of 30%
You lose that trade and stop was hit and you lost $60 (30% of $200).
You still have $940 in your account to get back in another trade and try again!
**5** if you don’t see anything... DONT trade it! you do not have to be in a trade 100% of the time! **“No money lost is still a win” **
**6 ** Don’t be afraid to lose... if you see a strategy from **STEP 1☝️**... TAKE THE TRADE and enter with proper risk management and a stop loss! Remember they are **HIGH PROBABILITY** meaning they work **MOST** of the time so stick to playing them each day and never second guess yourself.
**7** Remember to play within your account size and to keep your eyes on your own plate.
“Watch another man’s plate for too long, your food will start to get cold”
“Watch another man’s plate for too long, your food will start to get cold”
**8** ONLY play earnings with profits! Never ever risk money you cannot make back on earnings! TRUST ME. Earnings are speculative and are 50/50.
**9** CONTROL YOUR FOMO... if you don’t see confirmation or one of your strategies from step 1, don’t enter. @everyone
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
毛票实习生 : The baby wrote it so well![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Mel McKing : thank you mafi
鸽子 : If you do not chase the rise or fall in the short term, you will win 50% of the people.
If you do the medium-and long-term, reduce the frequent operation, you will gain 70% of the people.
If you choose stocks based on fundamentals and choose excellent companies in the sunrise industry, there will be more than 90% of people.
When you enter at the bottom of the monthly chart, almost 95% of the people are admitted.
You avoid monotonous, decentralized positions, almost more than 98% of the people.
If you can invest in stocks with spare money, without leverage, there will be more than 99% of people in the long run.
The plan insists on repeating the above points, and financial freedom is only a matter of time.
Anyway, I think it makes a lot of sense, this is my way of thinking in the future, to encourage you!
Mafiosa818 OP 鸽子 : thank you for the wise words, my friend
鸽子 Mafiosa818 OP : What do you think of the recent market trends?
Mafiosa818 OP 鸽子 : bearish until new president comes in