1. Trade based on price action; not opinions, predictions, or emotions.
  2. Trade in the direction of least resistance in your time frame.
  3. Develop your own profitable trading system.
  4. Only trade in markets after you have back tested your system or studied historical charts.
  5. Use a trading plan that sets the parameters for your system’s implementation.
  6. Follow your trading plan with discipline.
  7. Only enter trades with a 1:3 risk to reward ratio.
  8. Never lose more than 1% of your total trading capital on any one trade.
  9. Never lose more than 3% of your total trading capital on your worst day.
  10. Bring your mathematical risk of ruin to as close to zero as possible.