Rules I live by/ my chrome homepage

Basic rules Identify the trend using peak/ tro method Keep risk per trade at 1% of capital Cut losses fast and let profits run OK to take lots of small losses Trading rules (long) Trade breakouts from resistance areas SL at low of breakout candle or swing low or low of higher degree candle Delivery: scan for top gainers or stocks at 52 week highs or lifetime highs Focus on setups with minimal risk Ignore trade if multiple resistances are nearby Time frames F&O : intraday - 5 min; positional 15 min / hourly charts Short term delivery: daily charts Long term delivery: weekly charts Price action / points to consider: Bar completion Location of breakout bar in context of bigger trend Significant bars - tall bars, pin bars, engulfing / reversal bars etc Fast move in opposite direction Immediate reversal of breakout bar Consider reverse trade on breakout failures