Easy strategy to avoid Over-Trading

You could take 30 trades and not be over-trading. You could take 3 trades and be over-trading.

“when you are taking trades that do not use market personality and your trading plan to qualify them”

Example…

Price makes new highs, I buy a pullback, followed my rules, it was 15th trade of the day.

If you followed your trade plan, followed your rules, and made sure that every trade you took meets those rules you are ok.

Price action was sloppy at 800am this morning, and so when price went higher at 900am I decided to buy.

You force the trade after sitting on hands for over an hour without anything moving.

This does NOT follow any rules, it does NOT use market personality, and it does follow a trade plan.

Causes of over-trading:

– If you dont have a plan, you cant follow a plan.

– If you dont know what you’re looking for, how will you know when you see it?

– You dont know the patterns (3 price patterns)

– You dont have rules (3 price patterns)

– You dont know where the best locations are. (price structures)

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Minimum Account Size = $2,000usd

$10,000 is more than enough!

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Can I achieve 10 ticks per day

Yes!

Stick to the plan and stick to your DAILY goal, every 10 days you will add another contract.

2 weeks @ 10ticks/day

2 weeks @ 20ticks/day

2 weeks @ 30ticks/day = $300/day

Adding more contracts, and playing with house money.

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How many hours a day can you trade?

Just follow your trading plan.

– 3am-630am EST

– 745am – 1230pm EST