Law 1: Protect your capital at all costs.

Law 2: Predefine your risk before entering a trade.

Law 3: Always follow the trend.

Law 4: It's better to be out of a trade and wish you were in than to be in a trade and wish you weren't.

Law 5: Keep your emotions in check. Hope and fear are your biggest enemies.

Law 6: The first part of the move is typically the strongest.

Law 7: Contracts will lose value in times of consolidation/accumulation and through theta (time decay of money), especially the closer to expiration.

Law 8: Let your trades play out to their natural conclusion. Have a specific reason for closing a trade as well as for opening it.

Law 9: Successful trading is based on probabilities. Judge your trading effectiveness over a series of trades, not trade by trade.

Law 10: Losing trades are part of trading. Don't get down on yourself when a trade doesn't go in your favor.

Law 11: Trade execution is more important than making money. As long as you have a verifiable trading edge, the probabilities will work out in your favor.

Law 12: Do your best to trade with a carefree attitude. Trading is a marathon, not a sprint.

Law 13: Trust the process. Fall in love with the process, as it is the process that will ultimately determine your success or failure.

Law 14: Treat trading as you would any other business endeavor.

Law 15: Only trade A+ setups and don't chase trades. If you miss the move, wait for the next setup.

Law 16: Your success or failure is 100% dependent on your ability to follow your trading laws/rules and process.

Law 17: Don't watch your P&L while in the middle of a trade. Let price action relative to the 9 and 20 determine when to close your trade.

Law 18: Don't try to maximize the value of your plays. Rely on price action relative to the 9 and 20 to give you your exit signal.