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Strategies & Market Trends : trading the QQQ -- Ignore unavailable to you. Want to Upgrade?

To: bernard rogers who wrote (580)	8/19/2002 9:23:45 AM
From: bernard rogers	Respond to of 714

I am not making any progress The reason why, is that i will not follow my rules consistently As soon as i trade without my rules or break them, the market/my mind almost always twists me into a losing posture For now on all my focus, is going to be on my rules. The only thing that i will post daily to this thread is whether or not i followed my rules for the previous day. And i will only post my dollar results on a calender monthly basis. 1. My primary rule, is to follow all my rules exactly and without the least exception or variation In effect for the month of August A. I don't trade or doing any market watching before 12 B. I exit all positions before 4 C I trade only the NQ/ES spread D. I trade only 1 spread + a spread for every $250 in the daily P/L E. I immediately stop trading for the day if P/L clicks -$200 F. I trade only WITH the 5min sto envelope entry only at 5+ G. Do NOT exit until envelope closes, unless loss rule prevails, exit IMMEDIATELY when the envelope closes G Once P/L exceeds $400, then stop immediately for the day if profit is cut in half from the high of the day.