Trading for a Living
Master trading psychology, strict risk management, and a disciplined triple-screen system—not emotion or guesswork.
- Beware of commission and slippage
- Don’t let your emotions get the upper hand
- Make trading as objective as possible
- Devote as much energy analyzing yourself as analyzing a trade
- Traders fail when not following plans
- Must not change plan when having an open position
- Few trades act as rational beings
- Increasing open interest confirms trend
- Long/short consensus can show position of big money, less people holding more open interest
- Triple screening, look at longer term chart and go that direction
- Second screen only trades along with long term chart
- Third screen to pinpoint entry point
- Risk only 2% account value
- Keep a good trading journal