Mike's Rules
These are the rules I use to help keep me out of trouble. They do not include the buying rules or when or how to reverse, dollar cost average or exit a trade, they are only the rules I use to stop me from entering into a potentially bad trade.

Rules:

1) Print out your rules and keep them next to your computer.

2) Do not buy at the high or at resistance.

3) Do not sell at the low or into support.

4) If we are trending sideways consider only trading on the simulator.

5) If we are trending sideways in the last hour stop trading or trade only on the simulator.

6) If you have a loss of $400 or more, remain out of the market for at least 15 minutes.

7) Do not enter into a trade near the release time of an economic announcement.

8) Do not dollar cost average or trade magic numbers if you are going against the 2 minute MACD Histogram and Stochastics.

9) If the ATR of a 2 minute chart (with a 7 in the time period) is 1.75 or more stop trading or trade only on the simulator.