Notes
- This model focuses on low-risk, rule-based trading with minimal frequency.
- The goal is to build a sustainable income, not to compete or maximize profits aggressively.
- We must be disciplined and selective about entries.
- It is essential to avoid revenge trading, over-leveraging, or increasing contract size to recover losses.
- If we are stopped out twice in one week, we have to stop trading for that week.
- The strategy (model) is simple but difficult due to the discipline required.
- Trading is a mental game. Those who follow the rules will thrive, while those who chase trades will struggle.
- Michael recommends testing the model via six months of demo trading before using real capital.
Process - Overview
Process - Previous Week Highs
Process - Previous Week Lows
Process - Previous Day Highs
Process - Previous Day Lows
Process - Previous Session Highs
Process - Previous Session Lows
Process - Keeping Liquidity In Focus
Process - Prepare Yourself And Accept Many Missed Entries
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