The 10 Commandments Of Trading The Momentum Breakout System
Commandment 1: Don’t Second Guess The System – Follow It Mechanically
Commandment 2: Start Off Small And Increase Position Size Slowly Over Time
Commandment 3: Forget The News – Turn Off CNBC And Focus On Pure Price Action
Commandment 4: Don’t Fret Your Exact Entry Price – Use Market Order After Confirmation
Commandment 5: Don’t Fear Your Stop-outs – Stops Are A Guaranteed Part Of The System
Commandment 6: Focus On Target #1 For The Bulk Of Your Exit (75%+ Hit Rate)
Commandment 7: Concentrate On Session Results Not Individual Trade Results
Commandment 8: Track Your Trades And Analyze Your Performance
Commandment 9: Start On SIM Mode And Trade Off Risk Capital When You Go Live
Commandment 10: Don’t Quit Following The System Once You Start It