1. What are your trading rules?
Last Month we found out that folks with trading rules and stuck to them were profitable, folks that didn’t……
didn’t
Here are Mike Coval’s set of rules…..
Buy Rules:
Sell Rules:

2. Rules for Buying Stock
The stock should have a positive phase 2 score. This means an F/E score of 3.25 or better and a Price Pattern of 2.50 or better.
The stock should trade in an up trending industry. Sideways is ok for covered calls but never a down trending industry.
The stock should be showing 3 green arrows. These come from the 30 day moving average, MACD's and Stochastics
The stock should be in an uptrend
The stock can be in a sideways trend as long as the stock is showing an increase of volume.

3. Rules for Buying Stock A few extras:
NEVER buy a stock in a downtrend - No one is good enough to guess the bottom of a stocks trend.
Don't buy a stock near its resistance level if it does not have an increase of volume.
Positive news and increasing volume are bonuses.
With the proper technique it can be a simplified process to identify buy signals. Just follow the rules and do not try to out think the markets. 

4. Rules for Buying Stock

5. Rules for Buying Stock

6. Trading Game
Form 10 Teams
Using your trading rules, decide when to buy and sell stocks.
You have up to 1000 shares to trade
You can buy or short the shares
Each day each team can make a trade
The commission is per trade
To make a trade, hold up your team’s card and state where it is a buy or sell as well as number of shares
Each team should keep a record of the trades and the day of the trade

7. Trading Game
Let the game begin

8. Day 1

9. Day 2

10. Day 3

11. Day 4

12. Day 5

13. Day 6

14. Day 7

15. Day 8

16. Day 9

17. Day 10

18. Day 11

19. Day 12

20. Day 13

21. Day 14

22. Day 15

23. Day 16

24. Day 17

25. Day 18

26. Day 19

27. Day 20

28. Day 21

29. Day 22

30. Day 23

31. Day 24

32. Day 25

33. Day 26

34. Day 27

35. Day 28

36. Day 29

37. Day 30

38. Day 31

39. Day 32

40. Day 33

41. And the results are……..