Furu To Guru Trading

"The stock market will do whatever it has to do to embarrass the greatest number of people, to the greatest extent possible."
— Walter Deemer

Main Ideas

Making a bad decision is the greatest problem in trading.
You can't get better if you don't know what you're doing wrong. Use AARs.
Is this trade worth taking a picture of and sharing it?
Should you be looking to buy or sell on HTF? Until what level?
Don't know? Don't trade. You'll know when you see a great setup.
Take a picture of this setup. Is it crappy? You don't have to trade. Be accountable.
Practice daily. Get your reps in. High quality. Real or sim/bar replay.
Worried? Scared? Breathe. Let stop/targets decide. Size down. Wait for more info.
What HTF level should you be waiting for?
What is TTF current trend? Join it or wait for BO close.
Is this a key level's first touch? It usually holds.
Should you be waiting for a 2nd entry?
What are traders doing on CVD? Hitting the bid? Lifting offers?
Near end of day or Friday? DTE days far enough out? If Friday and the week had a big move, dealers close stock hedges.
About to trade? Where's the stop? Where are the targets?
Where is the next explosive trade level? News catalyst story?
What's the HTF bias based on long trends/pushes/stop?
What's the HTF bias based on short trends/pushes/stop?
What's a great entry that may fail and trap traders?
Have Patience, let stops or targets decide exits, not your emotions, can always get back in
Set alerts and targets, don't stare at PA, it's toxic.
Don't trade on your phone or rely on tight limit order, use the laptop and market orders or wide limit orders
Don't die. Protect what you have. Trade smaller. Stick around.
After action reviews, lessons learned, what to do less of, do more of

TA

Practice daily. Get your reps in. High quality. Real or sim/bar replay.
Entries should win right away. If not, is there a fight? Does the trend just want to weaken with a PB first?
Check and Update HTF TTF TA every 5 minutes
News? Big move recently? Great HTF pattern/key level?
Trend > Consolidation > Trend Resumption or Trend Reversal
TLs are the 3 widest points. Sup/res are most touches.
Current trend HTF TTF
Major Highs and Lows on HTF TTF. Major levels tend to hold on the first test.
Bull and bear TLs on HTF TTF
Bull and bear Pushes on HTF TTF. Especially 2-3 Pushes.
Bull and bear Entry locations on HTF TTF
Bull and bear Stops on HTF TTF
BO mode, strong trend, weak trend, TR consolidation
CVD: Buyers lifting offers vs Sellers hitting the bids
Strong moves and big bars usually get 2nd moves
Strong moves and big bars leave orders behind. They get filled during PBs.
A TL or level fails only with BO closes
Wicks do the damage. Closes tell the story.

Entries

Wait for the market to demand you make a trade.
DB DT BO or DB DT Test Reversal?
Or wait for TL BO or TL Test Reversal?
Or wait for BO BOPB Test Reversal?
Obey HTF buy or sell bias. Join HTF with TTF pattern.
Buy or sell bias HTF? Until what level?
Buy near support, sell near resistance
BO closes, or BO closes then PB to BOPB test
Key level test closes or RBO 2RBO
New major high low TL BO close for trend continuation or wait for PB to BOPB
TL BO close then PB to BOPB test, then weaker trend resumption
Fade bad entry RBOs
TL DB DT BO close, HTF TTF, but watch out for BO failures to join
TL DB DT BO PB RBOs or BO PB to BOPB HNS RBO HL LH test RBO
TL DB DT BO fail reversal, HTF TTF
Test of key level RBO at DB DT TR TL, HTF TTF
BO Spike close or PB RBO
BO Spike PB to BOPB HNS RBO LH HL test
3rd push RC RBO 2RBO
Good entry fail 2RBO
Bad entry near a test fail RBO 2RBO
Use TTF to join HTF
If great entry fails, you need to get out, it's a great entry fail, which you should be joining
Have Patience for your entry, make good decisions, not bad decisions
Explosive HTF TTF pattern
Join HTF on TTF

Stops and Risk

Prior swing high low
Prior bar high low
Push RBO 2RBO
Big bar close or 2RBO NEAR target
Reversal entry against your trade
Trail to new swing high low created by a BO or DB DT
Breakeven or EOD
TL BO reversal
3rd push RC RBO
Scared? Stop far away? Size down
Let stop or target decide, can always get back in
Set alerts and targets, don't stare at PA, it's toxic and may cause you to not let your stop or targets decide.
If not using a hard stop and using a limit order stop, make it far beyond price to get out. Get out. You're wrong. Protect what you have.
Have Patience, let stops or targets decide exits, not your emotions
Bet/lose what on this trade? Including commissions and fees.
Bet your usual size, don't size up/nightengale, or you will be destroyed by the market
Multiple options or share size to allow partial exits?

Targets

When in doubt, always better to exit most of your position at key levels, can always get back in
Key levels: TL DB DT HNS RBO BOPB OHLC
Close or RBO near a target
Big bar close near target/sup/res
RBO 2RBO 3RBO
2nd 3rd push RBO 2RBO
Have Patience, let targets or stops decide exits, not your emotions
Partials along the way
Lock in profits, reduce risk

After Action Reviews

Trade well, profits follow. Master great habits and actions, rewards follow.
Worst mistakes:
Overtrading. Not respecting HTF buy sell bias until a certain level.
Trading too big
Reversing trade before it's completely wrong/stopped out, not waiting for major stop out to reversal
Not respecting original stop, stopping out emotionally
Not getting out at stop, big slippage using limit orders, use market orders if liquid or very wide limit orders
Not trading with TTF trend or waiting for TTF reversal
Not waiting for key HTF level to get in
Not waiting for your favorite trades or even know what they are and writing them down, with picture examples

Disclaimer: Most traders fail. Most traders lose all or most of their money trading. This is not financial advice. This is not a recommendation to buy or sell any security. This is my degenerate trading strategy and journey. Read at your own peril.