- Do set maximum stop loss not more than the average day trading profit or 1% of the asset.
- Do continue to practice the retraceback trading strategy - place orders only after the market has a sharp movement and showing tireness by 30 min MACD.
- Do sit tight until the trading condition appears.
- Do keep an eye on weekly MACD to identify the overbought or oversold area based on the fundamental analysis.
- Do keep a detailed trading record and marked the market moving forces each day.
- Do search all trading pairs to find out the best trading condition and verify it by reading relative articles.
- Do keep an eye on the economic events and their impact strength.
- Keep record on every single trade with the good reasons for placing the order.
Dons
- Do not trade, until the market has done a significant move for the last 24 hours.
- Do not trade at the moment when the market is sharply moving, until the 30 min MACD showing the sign of settling down and you have found out the market trigger.
- Do not trade at the moment of big event release until you have understood what the mover is and how big movement it could make.
- Do not use limit order, use stop order to get involved in a trend.
