Motivated by josh 's success, I started my first TST Combine today. 30k/10 day.
My Trading Rules:
CL, 5 min., 1 trade a day max.
Setup: When in range, stay out. When it runs, get in. Yup, that's it in a nutshell, though I do have more refined and explicit rules that I won't mention here. :)
SL is at a point where I know I am wrong.
TP is a target set at least at 1:2 RR.
There is also a TS activated under certain conditions.
Why these rules?
They are dictated by my personality and experience:
1) They fit my personality..and
2) They have worked for me
I don't like range trading, over trading, staring at the screen all day, or instruments that don't run. In my experience, I am not profitable unless I get paid more when I'm right than lose when I'm wrong.
What are my goals?
1) To execute my plan properly.
2) To have fun. :)