-Always live to fight another day
-Entries must have a statistical edge
-Patience and discipline
-Be a jellyfish (swim with the current)
-Trade only liquid securities
-Focus on trying to capture the middle 80% of a move
-Know your exit points when you open a position(and stick to them)
-When in doubt, reduce position size by 50%
-Limit losses to 2% of total equity for any single trade
-Start each day with a clean financial and emotional slate
-Entries must have a statistical edge
-Patience and discipline
-Be a jellyfish (swim with the current)
-Trade only liquid securities
-Focus on trying to capture the middle 80% of a move
-Know your exit points when you open a position(and stick to them)
-When in doubt, reduce position size by 50%
-Limit losses to 2% of total equity for any single trade
-Start each day with a clean financial and emotional slate
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