10 Rules for daily plan

10 Rules for daily plan

1. Find the ON range, or key range

2. Set a bias that won't get chopped

3. Set long targets at resistance

4. Set short targets at support

5. Set a limit for no longs below

6. Set a limit for no shorts above

7. Follow the plan

8. Keep stops no more than 2% of account size if possible

8b. Adjust stops for volatility before entry

9. Don't let a green trade go red

10. Take profits if they are there using a trailing stop

10b. Balance trailing stop between aggressive and conservative