Ver. 2.

01 08-01-2021 Trading checklist Arturo Rosiles

RISK MANAGEMENT

Risk Unit $40 - $50. Always share size appropriately

Maximum net loss per day -$120.00 target win $240
Maximum trades per day: 7
Tolerance rule: 3 straight losses I´m out
Warning rule: 3 partial not straight loses and I´m ¾ daily win or loss target, stop trading,
Never lose more than 1 R and never add to a losing trade
1 R don´t lose money (go to BE), 2+ R go home with money (at least 1R)
Always fit the risk of my trade. If it doesn´t fit don´t take it, find next opportunity
Dynamic entry stop: mentally move initial stop as soon as the trade moves accordingly cent by
cent.

RULES

Target always proportionate to risk 1:1 trend, 2:1 counter trend.

First right to take profit after 2 R then trail rules
3R move must always activate A 2R hard stop on the reminder lot position
One last lot to stopout trailing the 8
Preferably match PCT
Add only if new avg price is be or below with cushion and a clear add position
If I see a clean bar on breakdowns or breackups and it retraces with the next bar, I kill the
trade, won´t stay till the full stop loss
If the first trade at the open is a loser GB 2 min chart, stop trading the open, wait until 5 min
chart first sign of reversal or SBI GB or HSBI.

STRATEGIES

Dips at Elephant confirmation entry (give back VSS/VBS

play) that starts on compressed fab 4 or 5 min
200 (Power play open )
SBI: RBI GBI (if close to previous low or high, Next signal after Bull/Bear 180
go in until that is broken to avoid SBR)
Gift play Small bar reversal / tail or wick bar takeout
Break out break down (cheat stop on bar fail) Down and through /hole number play
Huge gap counter trend (open)

EXITS / TRAILS

Money management: after 2 R optional take

half, if didn´t take half then lock 1R,0
Then after 3R, lock 2R profit with hard stop
and do take half, then Mkt law 2 on any break
of support or resistance at the moment on
power trend and 👉🏻👉🏻👉🏻👉🏻
leave 1 last lot with
MA stop mkt law 2 after violation on two bars
or half way between 8 and 20 in one bar.
If and when a big separation from current MA
occurs while trailing, go r by r again with bar
by bar
Ver. 2.01 08-01-2021 Trading checklist Arturo Rosiles

RECORD / REVIEW/ REFINE

Daily, weekly, monthly, every 20 trades. Register trades on three excels and tradeinsights, review
after 20 trades. Adjust trading plan every 3 months

EXTRA STUFF

Strict with your rules and flexible with your expectations.

You can be wrong , but you must never stay wrong.

Five fundamental truths of trading:

1. Anything can happen.

2. You don’t need to know what is going to happen next in order to make money.

3. There is a random distribution between wins and losses for any given set of variables that define
an edge.

4. An edge is nothing more than an indication of a higher probability of one thing happening over
another.

5. Every moment in the market is unique.

Being in the zone trading I know:

1. the odds are in my favor before I put on a trade;

2. how much it’s going to cost to find out if the trade is going to work;

3. I don’t need to know what’s going to happen next to make money on that trade; and

4. anything can happen;

I AM A CONSISTENT WINNER WHEN:

1. I objectively identify my edges.

2. I predefine the risk of every trade.

3. I completely accept the risk or I am willing to let go of the trade.

4. I act on my edges without reservation or hesitation.

5. I pay myself as the market makes money available to me.

6. I continually monitor my susceptibility for making errors.

7. I understand the absolute necessity of these principles of consistent success and, therefore, I
never violate them. I ALWAYS respect my trading plan and HONOR MY WORD.