My Trading Rules

From time to time you get burnt because you have no tight risk management and your greed and fear take over.  After so much suffering, you establish some solid rules and try to force yourself to listen when the greed and fear are taking over.  Most traders have common rules for themselves to follow, I am no exception.

Rule #1:  Trade with the trend, at least 1 to 2 timeframes above should point to the same direction you are trading.  If I am trading the 1-min time frame, I should look at the 3-min, 5-min, 15-min for example