Rules and Tips for Trading (Mainly Scalping) (Swing trading coming soon) Version 1.

First of all, I want to say that Rob used to have a list of very simple rules. I think that he took them down
in the recent clean-up of the discord, but I will see if I can post them here soon.

1) Understand that if you are a beginner you will lose money, and should only be trading money that you
are willing to lose. Preferably start with paper trading until you become consistent.

2) Market hours are important personally I believe that pre-market is easier to trade since usually
everyone is just focused on running up a stock, and not many traders are involved. Regular market hours
you will find a lot more news coming out, and more brokers that are active.

3) Use the proper tools to get an edge. I recommend trading ideas, momo scanner, SCANz (News
scanner), finviz, webull gainers, TD custom scanners.

4) Don’t overcomplicate indicators the main ones I have on my 6 charts are 9 MA (anything above this is
usually bullish), VWAP same concept as 9 MA, BOLL, and volume bars. If I want to look at a stock
more in-depth I have more MAs, RSI, and MACD. Please study each one of them and slowly implement
them into your trading.

5) How to use lvl 2? On webull is very simple left are the buyers (bids) and right are the sellers (Ask).
Usually, the way I call the breaks is when they are a lot of buyers lined up to buy the stock and few walls
up. (Note that these walls are limit buys and limit sells that can be moved in seconds etc, but it gives you
an idea of where traders are standing.

6) DON’T be greedy. I have met a lot of traders that are up 50% and they don’t scale out some or take full
profits.

7) If you are under 25k you are limited to 3-day trades on a margin account, but on a cash account, you
can day trade unlimited times as long as you have capital. Meaning you have 10k you can trade 5k
Monday in unlimited trades that money settles on Wednesday, so you can have the other 5k for Tuesday
and rotate capital.

8) Avoid over trading… if you are addicted to trading like me maybe consider paper trading once you hit
your daily profit goal or you have lost too much money.

9) STUDY every day. Most of the best traders that I know didn’t buy an expensive trading program, but
learned by experience, reliable mentors like Rob, YouTube videos, etc. I have a saying that the more you
learn the more you earn.

Sorry if this is very repetitive or simple. I will work on part 2 soon. For now, I recommend watching the
following videos to catch up on trading psychology and chart patterns. (Price action is king by the way
meaning the perfect set up could be there, but if no buyers it won’t do anything)

https://youtu.be/U8g9uqbn2Xc Trader Psych

https://youtu.be/U8g9uqbn2Xc Charts and Patterns