General

Question 1

What is the number 1 priority in any trading system?

Answer 1

Strive for perfect execution without a concern for the dollar amount up or down.
The first loss is the best loss.

Question 2

What are the Amateur hours? What are Amateur days?

Answer 2

Normally, first two hours of the day. Amateur days are the first couple of days of the week.

Question 3

What is a trading system?

Answer 3

A trading system is defined as a set of rules or criteria for selecting markets to trade as well as entry and exit signals.

Question 4

What is the current daily schedule?

Answer 4

1. Quick scan account positions
2. Detailed position analysis
3. Detailed technical analysis
4. Scan dates (Earnings and Dividends)
5. Make adjustments if needed.
6. Review LeaderBoard and IBD for new positions.