My Trading Rules
If I am unwilling to take the time to blog it {first}, then I will not trade it.
Being super impatient and clamoring to get into a position is a terrible behavioral habit to form for trading, and will almost certainly lead to losing money.
But taking the time to actually write a well-thought out, articulate [hopefully] blog post slows down my process and gets me to think more thoroughly before taking on a position.
The benefit to this is two fold: I take more time scrutinizing whether a trade is worth while [therefore making better decisions], and I avoid impulsivity which almost certainly translates to losses.
Max risk per trade = <10% of my portfolio.
I will ONLY add to winning trades
&
NEVER add to losing trades.