rbgilbert06

I don't believe I'll shock the community with this strategy, but I do think that it's the best strategy to minimize my weaknesses as a trader while maximizing my strengths. I'd like to hear feedback from the community about my strategy while I paper-test it. Investing Plan The method uses stoic methodology to limit emotional response to trading. It utilizes robotic /mechanic responses combined with human ingenuity to give it an edge over black box systems and speculators alike. Rules: 1. Be unemotional about every aspect of trading 2. Use meditation to create a calm mind that can focus on trading 3. Trade using a simple strategy 4. Do not brag about your trading and success (don’t brag to yourself either) 5. Do not complain about your trading and failures (also applies to yourself) 6. Practice stoicism with trading 7. Don’t be dependent on the money (dependence brings bad decisions) 8. Filter out noise (don’t listen to speculation from news stations) 9. Get in, get out (short term trading) Trend line strategy • Buy breakout (busting out of resistance) • Sell breakdown in trend (breaking support) • Do not use indicators of any kind Buy/Sell Specifics • Identify potential trades as any price approaching support/resistance • Buy/sell after 2 candle confirmation of direction • Close if trend reverses 2 candle confirmation • Sell approximately 1 candle before next support/resistance line Progressive trading principle • Begin trading only 1 set-up per day to maximize success • If previous day was successful, add up to 1 set-up for a total of 2 set-ups per day • If still successful, continue to add 1 set-up per day for a max of 3 set-ups per day • If a losing day is encountered, reset to 1 set-up per day • If two losing days encountered in a row, paper trade until 2 consecutive winning days Performance Compensation • Spend 10% of earnings each week on superfluous things (encourages winning while still retaining realistic goals – “makes the money real”)