Rules and Planning

Risk Management

I Shall Not

1.  Risk more than 2% of portfolio  on any trade

2.  Risk have more than   6%  of portfolio at any one times.

I shall 

3.  Use Hard Stops only

4.  Calculate VaR Daily

5. Use limit orders to initiate positions. 

6. Scale into positions.

7. Keep a Dairy of all positions

8.  Continue to refine rules.

Style

I'm primarily a counter-trend trader. 

I will trade time time frames from 1 day to several months.

A short time frame may be used to fade a gap.

Products

I will trade ETFs, Stocks, options, and currency.

At this time I will not trade Futures or bonds.