TRADING RULES AND MENTALITY

1.) CHOSE ONE STRATEGY AND STICK WITH IT

Choose one strategy based on what type of trader you are and stick with it and acknowledge it in details. If you are
more relaxed trader and you love to take longer expiry trades start looking for strategy that have that expiry time. If
you are more aggressive trader, start looking for strategy that can provide to you lot of signals on daily basis.

THE FACT IS: Most of strategies are profitable if good traders trading with them!! A trader is that factor that can
make strategy profitable and not just strategy for itself.

If I put on the chart just a stochastic and RSI indicator and give it to one very experienced trader I can guarantee you
he will be successfull with that strategy. But if I can give to a new trader whole system with alerts that provide 75%
ITM ratio in good market conditions, chances are that this trade will blow his account.

This is why its very important to understand the market and learn the rules of trading.

2.) TEST THE STRATEGY FOR AT LEAST 2 MONTHS ON DEMO

Write down on a piece of paper every single trade that you take and describe why you took this trade. If you lose ask
yourself why you lost the trade and try to find out best time and best market conditions for your strategy. On this
way you will become more confident in trading and you will avoid making stupid mistakes.

3.) LEARN LEARN LEARN ABOUT THE MARKET

Every day you have to LEARN ABOUT MARKET CONDITIONS and try to understand why market is moving in a certain
direction and when is good time to trade and when is not good time to trade. Don't trade 15min before and 15min
after the news based on technical analysis (fundamentals you can but this is always a different strategy). Don't trade
in the last 10 and first 10 min of the hour, because every hour trade come in and out of the market and this can
create some spikes or unpredictable moves. Don't trade in market opening hour I would say first 30min when market
open and last 30 min before market close(fundamentals strategies you can but dont mix it up with technical if you
dont have much experience). It doesn't matter which session it is, could be US UK or Asian session. Don't trade when
is low volume or »squeeze« Don't trade when you have lots of spikes. Don't trade during bank hollidays when you
dont have much experiences)

4.) PRICE ACTION IS THE KING OF TRADING

Learn about price action (Support ,Resistance , Pivots, HH, HL, LH, LL, Daily, weekly, monthly high/low, round
numbers...etc). I personaly think that this is the foundation of all trading. Start with that and build whole system
arround it.

5.) FIND A GOOD MENTHOR

Surround yourself with people that alredy experienced and learned about the market on the hard way. Find people
who are experts in this field and have amazing consistent results. Learn and stick with them every day. Ask them
everything what is on your mind and modeling yourself after them. This will cut your learning path for 60% and you
will become financialy free in shorter period of time.
6.) MONEY MANAGMENT IS 50% OF YOUR SUCCESS

Never ever risk more then 5% of your account(This is for very experienced traders). Please know that 5% is
recommended for more experienced people who know all those stuff that I am writing here and have bigger
accounts. If you just started trading on Live account after 2 months of testing risk maximum 2,5% of your account at
the beggining

If you do martingale stuff, I would reccommend that collective amount of all your step trades should not be higher
than 5% of your balance. If you lose 3 trades in a row without a itm before STOP THE DAY. The collective loss of all of
your trades should not exceed 5% of your balance. This is how you can kill the market if you have enough big
account. I know the build up is the most difficult part. Thats the reason why it's extra neceserry that you stop after
the 3 contructive otms without an itm and stop after you hit 5-15%. You need to recalculate your weekly investment
based on your previous results. When you have a very good week, invest 0.5-1% more next week because you can
afford to lose more. Do this first based on your own invested capital and after based on gains you make! After a
while you will not increase it by 0.5-1% but you need to decrease it because than you can make the same gains but
with smaller investment based on your gains you made!

7.) CREATE YOUR TRADING PLAN

When I started discovering trading area I found that more than 90% of all traders don't have proper trading plan.
Trading/Financial plan is like a map that will take you from point A to point B. If you don't have it you will just losing
yourself in big ocean of trading and will never become profitable. So if you don't have your trading/Financial plan
yet. Create it!

8.) PUT YOUR EMOTIONS ON THE SIDE

Did you ever have an experience while you were trading on DEMO you got nice results but when you switched to live
account you had lot of losess. The reason why are your emotions. While you were trading on demo you were very
relaxed and you choosed right trades. But when you switched to live account you lost one trade your emotions came
out and you started risking more than 5% of your account and you became unpatient and you took bad setups and
you started rush into trades and after some period of time you blew your account.
How you can trade without emotions?
The best thing to trade on live account without emotions is to Meditate before a trading session on a daily basis,
write down your daily target on a paper, write down how you feel, on what you need to focus to minimize the bad
feelings emotions like- regret, greed, sadness, excitement, read on a daily basis about the personal things what you
think you need to improve like- concetration, focus, mind control ect. Regroup this emotions with positive once
which will help you to increase control over what you think, feel and do. Take very low investment trades.. I suggest
to every new trader to choose broker that can provide low investment trades. And if you have 250€ account and you
put 1% on single trade will you still be nervous? I don't think so (build up like this). So do this every day and try to
increase your amount that you are putting on trade. As soon your emotions come out STOP and go back to lower
amount. You will find after certain period of time your confidence will go up and your emotions will stay away. How
fast you learn this i cant say every person is different, every person have other paradigms, other life experiences and
habits. Try to execute bad habits in terms of time, health, relastionships, personal develpment ect

9.) DON'T OVER TRADE and LEARN WHEN TO STOP TRADING ON DAILY BASIS

This will not be a problem if you have good trading plan. If you have good series like 6-1. Take those trades and stop
trading for that day. When you get 2 losess straight away. Stop trading for that day. Some people get in morning
session results like 8-2 and they become greedy and start taking even more trades and at the end of the day their
results is 12-8. Why????
To become wealty in trading you maybe need just 3 good perfect trades per day and that's it. So remember don't
over trade and know when to stop.
10.) INCREASE YOUR ITM %
First of all to increase you ITM ratio you will have to take lots of trades so you can know your strategy in details and
know how it reacts on certain market conditions. Than when you get stable results and you get couple wins when
you start trading that day wait for loss or two and then trade again live. It could happen you will finish the day with
results like 13-2. I had some amazing days implemneting this trick :D

*****AND FINNALY THE MOST IMPORTANT RULE******

IMPLEMENT ALL THE RULES THAT I JUST SHARED WITH YOU
By Dado, add your friends: https://t.me/Tradewithdado!