My 10 Trading Commandments…

Hey 5-Star Trader,

Welcome to the new year!

As is tradition, I’m starting out 2022 reviewing my trading resolutions. One of those resolutions is to remind me of the 10 trading commandments I’ve written for myself:

  1. I’ll be disciplined every day, and in every trade.

  2. I’ll be my own trading “self,” never trading another’s plan.

  3. I love taking small losses.

  4. I’ll always earn the right to trade bigger.

  5. I’m not addicted to trading “just to see what happens.”

  6. I’ll only trade high-reward setups that have the probabilities in their favor.

  7. I’ll be a bricklayer – making the same types of trades over and over again.

  8. Once I find a setup, I don’t hesitate; once in a trade, I don’t overanalyze.

  9. I’ll always keep a detailed trading log/journal and will act upon what it tells me.

  10. I’ll review my work and shift over time to adjust for what’s working and what isn’t.

As the familiar phrase goes, “Markets can stay irrational longer than you can stay solvent.”

So, even though these commandments aren’t new to me, each year I find it important to revisit them. They remind me that trading is not a linear process. Mistakes will be made, but as long as we stick to our rules, we can overcome them!

Stay Sharp!

-Danielle =)

Up Next...

NVDA: The Gift that Keeps on Giving

Nvidia shares have experienced a meteoric rise, so all eyes were on its earnings report last week. Investors were not disappointed, as NVDA reported explosive growth plus a highly anticipated stock split. Why Stock Splits are Exciting NVDA’s reported 10:1 split will take place on June 10th, less than two weeks away! This event is … Read more

Read More

SPX 0 DTE: Part II

Hey traders! I posted a video on a neutral SPX 0 DTE strategy on Monday, and I had many questions, so I decided to do a follow-up video with a second example. In this video, I cover several questions, including the width of my iron condors, the length of time, the risk-to-reward, and more. Check … Read more

Read More

Trade Review: Using a Neutral 0 DTE SPX Strategy

  In today’s Trade Review episode, I cover a quick SPX 0 DTE trade from last Friday at market close. In this video review, I cover: Why I decided to make a bet that the market would trade sideways into the close How I analyzed the options chain and technical chart patterns Why I decided … Read more

Read More

Subscribe Today!

Want my up-to-date analysis, setups, top trading tips, and more? Be a Five Star trader, and join my free newsletter today!

Sign Up Now
all-as-seen-on-logos