Rules that I live by EVERYDAY I look at the markets.
1.) Don't be greedy, take the profits.
2.) Always respect your defined risk on a position.
3.) Once a trade is at first TP it should NEVER go red, stop loss should immediately go to break even.
4.) If you wouldn't take a setup 100/100 times, don't bother. Save capital for quality.
5.) Days of market moving news use 1/2 of normal sized position for trades or do not even trade at all.
6.) Do not force a trade because you're bored.
7.) You do not need to trade everyday.
8.) If you are second guessing yourself on a position, close it out.
9.) Do not continue to average down into losers.
10.) If you get emotional over a trade, you're sized too heavy.
11.) Respect your money or you will lose it.
12.) If you're not levelheaded when looking at the markets, do not trade.
13.) Never revenge trade to chase losses.
#ES_F I am leaning bearish. Interesting move under this key zone 5535-5567
🔻Bears in control under 5567, downside targets 5481, 5447, 5424
🔺IF Bulls show strength early in session and reclaim 5526-5536, can see a move to 5567 and 5600 possible!
#ES_F I am leaning bearish. Interesting move under this key zone 5535-5567
🔻Bears in control under 5567, downside targets 5481, 5447, 5424
🔺IF Bulls show strength early in session and reclaim 5526-5536, can see a move to 5567 and 5600 possible!
Watching these key levels today
#ES_F Bears in control under 5570, target 5509 and 5480, If loses that goes to 5464 and 5424
If Bulls able to claim 5570 early, or hold 5509-5580, can see a move to 5625 and 5707
#ES_F big key level rejected yesterday with volume, would need to see continuation to confirm further downside
🔻 Reject 5424, can test 5355 and 5305
🔺 Claims 5424, can test 5481 and 5533 Previous Month Low
$ES_F ideally want to see a move up before shorting early in NY Session
Bears in control under 5353 and 5303. Look for rejections at these levels for a move to 5200 and 5150. If loses this can test 2024 Low at 5016🔻
Bulls need to claim 5303 to test 5354 and 5423 possible🔺
No matter how much the market makes you discouraged, what matters is how you react and plan your next moves.
The down times are when you prove you’re really about it.
Zoom out and look at how far you’ve come.
Don’t ever give up.
Absolutely trash week, no real volume leads to no real conviction BUT
We’re just in this range waiting for a breakout. Seeing how the sellers are showing less results, we could be setting up for a move higher next week 👀
Breaks 5520 and rippy 🔺
Loses 5150 and 4980 sees new lows 🔻
April has really been SLAPPING your boy.
Managing risk and not going on tilt has kept me alive. Watch, all I need is to catch 2-3 good setups and I'm making it all back TRUST 💯