selby_exchange - Selby Margin Trading Rules 1.0
Selby Margin Trading Rules 1.0
1. Read these rules everyday without exception. Only begin margin trading after 30 minutes of reviewing all instruments and timeframes.
2. Charting: Midterm forecasting (months) charts built in 9,12hr and 1day. - Margin forecast charts built in 11,33min. using data from Heikin Ashi candle wicks. - Margin trade on 1min. follow the 3,6min. (use 2,3,4,5,6,9,11,15min. for in/out).
3. 3% RULE: Always close negative positions. Look for a retrace opportunity to exit but if trade falls below -3% for more then 30min set a stop loss limit order. This is the most important rule to prevent loss of time and a potential liquidation.
4. Enter limit order long/short and then set limit exit to take profit (TP) at the next short term Fibonacci level. Moving averages in higher timeframes 21,29,33,42,48,52,96min the 1-6,9,16hr and 1day will confirm market direction for successful trade.
5. "THINGS TO AVOID" Greed - Bragging - FOMO
6. "60/40 Split" to maximize margin profit, stay in fiat while awaiting confirmation of market direction (do not trade reversal chop washes; the 6,11min. must show a clear direction). Work as long as you like if you are in rhythm, but remember not every day is a trading day.
7. Think and chart 3-steps ahead, do not rush yourself into a position. Wait 11min at a minimum between entry/exit. Stay alert (Matcha tea) do not fall asleep. No trades 48hrs after (alcohol or drug use). "3-Strikes" If you have three bad trades during the workday stop for 24hrs.
8. (TP) TAKE PROFIT: Cash-out at the end of the day and pull 10% of daily net gains out of cyberspace. Always sleep in fiat (stable coin) without exception.
Selby finding creative patterns in charts on Tradingview
Not advice for investing, but I am one to watch
Rebellion=Change=Future
1. Read these rules everyday without exception. Only begin margin trading after 30 minutes of reviewing all instruments and timeframes.
2. Charting: Midterm forecasting (months) charts built in 9,12hr and 1day. - Margin forecast charts built in 11,33min. using data from Heikin Ashi candle wicks. - Margin trade on 1min. follow the 3,6min. (use 2,3,4,5,6,9,11,15min. for in/out).
3. 3% RULE: Always close negative positions. Look for a retrace opportunity to exit but if trade falls below -3% for more then 30min set a stop loss limit order. This is the most important rule to prevent loss of time and a potential liquidation.
4. Enter limit order long/short and then set limit exit to take profit (TP) at the next short term Fibonacci level. Moving averages in higher timeframes 21,29,33,42,48,52,96min the 1-6,9,16hr and 1day will confirm market direction for successful trade.
5. "THINGS TO AVOID" Greed - Bragging - FOMO
6. "60/40 Split" to maximize margin profit, stay in fiat while awaiting confirmation of market direction (do not trade reversal chop washes; the 6,11min. must show a clear direction). Work as long as you like if you are in rhythm, but remember not every day is a trading day.
7. Think and chart 3-steps ahead, do not rush yourself into a position. Wait 11min at a minimum between entry/exit. Stay alert (Matcha tea) do not fall asleep. No trades 48hrs after (alcohol or drug use). "3-Strikes" If you have three bad trades during the workday stop for 24hrs.
8. (TP) TAKE PROFIT: Cash-out at the end of the day and pull 10% of daily net gains out of cyberspace. Always sleep in fiat (stable coin) without exception.
Selby finding creative patterns in charts on Tradingview
Not advice for investing, but I am one to watch
Rebellion=Change=Future
Comment:
Comment:
a really perfect high leverage short only lasts about 20min - 5hr max, we dont sit there getting charged high fees waiting for it to go lower. we TP and GTFO
