The 10 Commandments of Trading

  [This is VWAP Header]( [ARCHIVES]( TO VWAP?]( LIVE]( [Youtube]( [Twitter]( [Instagram]( [Discord]( [Tiktok]( [News from Kenny Glick] LEAKED: AI FEATURE COULD OUTPACE MICROSOFT [“]( kind of AI is worth 10 Microsofts]( – Bill Gates]( The 10 Commandments of Trading I’ve been streaming to audiences live trading for awhile now. So I have lots of stories of bad traders that follow me. Let me tell you a story about Jimmy. Jimmy was a trader out there that one day followed me into a trade on DPST, a regional bank bull ETF. That trade was terrible I just got crushed! He told me… We had a 9 cent stop on our trade Jimmy. How are you down a dollar? Well I figured I’d uh- Oh you started figuring? And how did that work out? There’s rules when we trade. And if you don’t stick to them, you’re going to get crushed by the markets just like Jimmy did. I’ve been doing this long enough to know what works, and what doesn’t. And there are some rules out there that you just can’t break, or else you’re going to blow up your account. Commandments, if you will. Think of me as the Trading Moses — leading you out of ignorance into the promised land of profitable day trading. So what are these commandments that you need to follow? Let’s get right into it… 1. Always Define Your Risk Going Into a Trade. When you enter into a trade, you always want to define how much you can afford to lose on the trade going in. First, you’ll want to identify where you are going to get out of your position by looking at the price action. [To get an idea of how to identify your stops, click here.]( Then, you’ll want to define how much money you can afford to risk per trade. [A good rule to start is the 2% loss rule]( where the maximum you will lose per trade is 2% of your total account. 2. Never Hold a Stock Overnight Holding a stock overnight is one of the riskiest things you can do. You never know what’s going to happen in the markets or a company overnight. News can drop at any moment, and you have no idea what’s going to happen. Need proof? [Just take a look at one happened to CRDO in February…]( 3. Never Enter a Position Before an Earnings Announcement or a Big Event. Just like holding a stock overnight, holding a stock position into an earnings report is just gambling with your money. If the best market analysts have no idea what’s going to happen, then no one else does except for the company themselves. Trading the way we do, you could be looking at 10s of thousands of dollars losses, if not more. These kind of trades blow up accounts. 4. Take Profits When They’re Staring You in the Face. If you enter a position, and it’s moving in your favor, take the profits. You aren’t looking for a 10,000% move on a position. You’re looking to make your day’s pay on a position. To find out your day’s pay, use the following steps: 1. Figure your monthly costs for everything you need (including taxes) 2. Multiply that by 12 and add 10% 2. Divide the result by 255 to get your "Days Pay" needed You aren’t a bag holder here. You’re defining your trade and risk, taking your profits when they’re on the table and getting out before the end of the day. 5. Never Exit a Position All at Once So you have a winning position. What do you do now? [Well, you take profits, but never all at once.]( Why? You don’t want to lose out on potential profits higher. And once you take some profits, you lock up the winning trade. So you milk the trade for all it’s worth, keep raising your stops, and sell a little bit at a time. We don’t know where the top of a long trade is, so you need to ensure you’re taking profits at different levels up. 6. Your Stops Once You've Taken Profit Just like how you exit a trade a little bit at a time… every time you take profits, you move up your stop the to the previous breakout point. You don’t let a stock roll over on you and die. You exit the last of your position at the previous winning levels. Now you can’t lose no matter what happens. 7. Trade with a Focused Mindset Trading is a mental game. You want to be as much on your game as possible. If you have a doctor’s appointment at 11:30 am, you exit your trades before you go. If you are sick, don’t trade. If you’re hungover, don’t trade. If you’re on tilt and angry that you accrued some losses, don’t trade. You need to be focused and only trade on price. Find quiet, calm environment, make sure you have a clear head, and crush the markets. 8. Trade What Works for You We trade around the VWAP here. But everyone has a different style. The trade that always works for me is trading earnings reversals on VWAP breaks. Some people only trade the Q’s. Some people love tiny biotech stocks. [You can get more information on how to know what to trade here.]( The biggest thing is to get your feet wet, and find out what works for you personally. 9. Don’t Trade options at the Opening Bell. People ask me Kenny, when do you trade options over stocks? And my answer that I’m always a stocks first kind of trader. Options pricing can get wonky especially if there’s a lot of volatility on a stock. [And no time is worse to trade an options contract than the opening bell.]( While a giant move on a stock can net you a day’s pay, the corresponding option could just stay where it’s at. Usually waiting 5-10 minutes allows you to get in at a better entry for options. 10. Ignore the News, Trade What Price is Telling You. We don’t care if there’s inflation woes, if the banks are failing, or if World War III is being headlined. We only care about price. What is the market telling us, and how do we profit from it. A volatile market is the best market to be in as a trader. That’s because we never hold overnight and get smashed by double-digit percent losses. Everything we do is defined ahead of time, and there are no surprises for us. The more you trade, the more rules you’ll start implementing for yourself. Some people don’t trade the premarket. Some don’t trade in the first 15 minutes of the day. Some people only trade stocks. And some use historic levels to define their profit targets. In [the Warlock’s World]( we are never confused, and are always defining our trades. Our members are constantly throwing out new trade ideas in our chat. And every morning from 9:15 am – 11:00 am ET, I point out live trades… When to get in, when to get out, and what to do in every scenario that presents itself. If you want a community that has profit opportunities every day, [join us today in the Warlock’s World.]( As always, shoot me your questions and comments to KennyGlick@MoneyMapPress.com. I’ll see you all tomorrow for the last trading day of the week! Kenny Glick [Getting Started with Basics] [VWAP Dashboard 101]( Knowledge is power! Get a jump on the basics or a refresher to refine your trading chops with our comprensive look at the pillars of the VWAP trading strategy. - [What is VWAP]( - [Multiday VWAP]( - [Earnings]( - [Shorting]( - [Chart Setups](   [Ad]( You are receiving this e-mail at {EMAIL}, as part of your subscription to This Is VWAP. To remove your email from this list: [unsubscribe here](. Please do not reply to this email as this address is not monitored. To cancel, or for any other questions or requests, please contact our Customer Service team: Online: [Customer Service Form]( Phone: 888-384-8339 (North America) 443-353-4519 (International) Mail: This Is VWAP | Attn: Member Services | 1125 N Charles Street | Baltimore, MD 21201 Fax: 410-622-3050 Our Customer Service team is available Monday - Friday between 9:00 AM and 5:00 PM ET. © 2023 Money Map Press. All Rights Reserved. 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