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...

When a Ticker Makes Targets

Hey Traders! On Monday, I sent you a video about my short-term setup in Tesla, along with my $250 price target. You can check it out in the Tweet below… Since then, the squeezes I noted fired to the long side, and Tesla traded directly to my Fibonacci price target at the 1.272% extension level. … Read more

Read More

A Trade Setup in TSLA

Good morning, traders! The Nasdaq futures are choppy at 16,000 after making quite the run. So, what’s next? Looking for the next round of setups, of course! When tickers and indexes get sticky, squeezes will start to consolidate. Those squeezes generally occur on the lower time frames first. When those squeezes fire, they can either … Read more

Read More

The Microsoft Effect

Hey traders! Microsoft made a new, all-time high yesterday and may very well take the Nasdaq along for the ride. What is next to come in Microsoft, the Nasdaq, and more? Check out my video update below:

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