≈ Have you built your rules? ≈

Traders,

Trading successfully requires rules. Here are some basics:

• Trade with the trend
• Always have a stop-loss
• Follow your position sizing guidelines
• Never trade without doing your own research
• Be aware of upcoming earnings and market announcements
• Review your positions daily

Have you built your trading rules yet?  If not, it’s important to do so. Some people call this a trading plan, or a portfolio design. Whatever you call it, it’s very important to build a set of trading rules and follow them.  In any market condition, it’s important to remove emotion from your decision making and follow your trading plan.

Plan your trade and trade your plan.

Chart of the Day

S&P 500 Daily Chart

With the recent market volatility, it’s a reminder that it’s very vital to have trading rules.  Prices are going to move quickly; you need to keep emotion out and trade based on your overall portfolio design and trading plan.

Video of the day

Braveheart….Hold…Hold…..Hold!!!

Rookie Corner

Philosophy 101

Good Day Y’all! How’s the nerves now? Did you take a new perspective on the markets away from the blog last week? We talked about two of the biggest players in the money game and how they remain focused and calm under all market conditions.

Traders Lounge 11 AM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

Cashflow Club 8:30 PM EST

Held every Thursday before Friday’s option contract expirations, this show helps you perfect your favorite cashflow strategies.

Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.

Financial freedom is a journey

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