- A good trade is based on your trading plan; a bad trade is based on emotions and beliefs.
- A good trade is based on your own personal edge; a bad trade is based on your opinion.
- A good trade is made using your own time frame; a bad trade changes timeframe due to a loss.
- A good trade is made in reaction to current price reality; a bad trade is made based on personal judgment.
- Your plans can make you money because you’re not trying go predict what will happen; you’re adjusting in real time to what is happening.
- Always trade in the direction of the longer-term trend of your time frame where the easiest money is located.
- A good trade is made after identifying and trading with the trend; a bad trade fights the trend.
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