Trading Rules - Trade with Steven specializes in the NQ and ES day trading

1) AT THE END OF THE DAY WHEN I REVIEW THE CHARTS WILL THIS LONG OR SHORT BE ONE OF TRADES I WOULD TAKE?

2) THE WORK OF TRADING IS PATIENCE AND THIS TAKES COURAGE.  TRADE THE CHARTS NOT YOUR FEELINGS OR HUBRIS. 

3) LOOK FOR THE BIAS, MOMENTUM AND THEN A GREAT ENTRY.  SPEED, RANGE AND BEHAVIOR.  WE KNOW WHAT AN EXCELLENT TRADE LOOKS LIKE. 

4) AFTER NEWS OR WHEN THE MARKETS ARE MOVING FAST CHANGE THE CHARTS TO 28/14 AND/OR LOOK TO TRADE OFF OF THE 1 MIN CHART.

5) MAKE SURE THE ES IS IN CONFLUENCE.  ARE YOU CLOSE TO THE 20 PEMA ON THE 1 MINUTE CHART OR TOO FAR AWAY?  

6) SUCCESS IN TRADING IS BUILT UPON THE LEARNED BIAS TO BE PATIENT.  WAIT FOR THE TRADE TO COME TO YOU, PATIENCE BECOMES THE DRIVER OF SUCCESS – NOT "DOING"

7) LOOK FOR THE EASY TRADE, STAY OUT OF TRAFFIC AND STAY AWAY FROM CHOP AND SIDEWAYS ACTION.  STAY WITH THE TREND.

8) ARE YOU AVOIDING THE TOP OF THE HOUR AND TRADING NEWS?

9) DO NOT TRADE FOR REVENGE OR FOMO – FEAR OF MISSING OUT. 

10) ONE OF THE DEFECTS OF THE TRADE SIGNALS IS THAT WHEN WE GET CHOP AND NOISE, THE SYSTEM CAN STILL TRIGGERS SIGNALS.  DO NOT TRADE IN CHOP!

11) PROTECT YOUR CAPITAL, DO YOU REALLY NEED TO MAKE THIS TRADE?  ONCE YOU ARE AHEAD FOR THE DAY BY $500 THEN STOP TRADING – CALL IT QUITS!

Trade with Steven