Professor Mikel

Rule 1 - Total Open Risk Rule
Before opening any trade, calculate the maximum amount you could lose if all your open Stop Losses are hit. Never focus only on individual trade risk; always consider your total exposure.
Rule 2 - Same Direction Rule
Avoid opening multiple trades on highly correlated coins in the same direction without considering their combined risk. Different coins can move together, causing several trades to hit Stop Loss at the same time.
Rule 3 - SL Distance Position Sizing
Always calculate your position size according to your prepared Stop Loss. Never choose your position size first and adjust your Stop Loss afterward. Your position size should determine how much you lose if your Stop Loss is hit.
Rule 4 - No SL Widening
Never move your Stop Loss farther away just because the market is moving against you. Accept the loss when your setup is invalidated. Change your Stop Loss only when your predefined trading strategy allows it.
Rule 5 - Daily Loss Limit
Set a maximum daily loss limit before starting to trade. For example, on a $1,000 account, you might set a daily limit of $20–$30. Once you reach that limit, stop trading for the day.
Rule 6 - No Revenge Trading
Never increase your position size to recover a previous loss. Every new trade must follow your original risk rules, regardless of whether your previous trade was profitable or unprofitable.
Rule 7 - Minimum Reward-to-Risk Rule
Before entering a trade, make sure the potential reward justifies the risk. For example, risking $10 to target a $20 profit gives you a 1:2 reward-to-risk ratio. However, a good ratio alone does not guarantee profitability; your strategy's win rate also matters.
Rule 8 - Partial Take Profit Rule
Consider closing a portion of your position at predefined Take Profit levels. This can help secure some profits while allowing the remaining position to continue toward higher targets. Always calculate the remaining risk after taking partial profits.
Rule 9 - No Forced Trading Rule
You do not need to trade every day. If there is no clear setup, stay out of the market. Protecting your capital by avoiding a poor trade is also a good decision.
Rule 10 - Winning Streak Trap
Never increase your position size simply because you have won several trades in a row. A winning streak does not guarantee future success. Continue following the same risk rules regardless of recent results.
Rule 11 - Capital Drawdown Rule
Reduce your dollar risk when your account balance decreases. For example, if your balance drops from $1,000 to $800, a 1% risk limit would decrease from $10 to $8 per trade. Adjust your risk according to your current balance, not your previous balance.
Rule 12 - Weekly Performance Audit
Review your trading performance every week. Track your total trades, win rate, average profit, average loss, trading fees, and mistakes. Do not judge your performance only by how much money you made; also evaluate whether you followed your trading rules.
Rule 13 - Correlated Loss Rule
Remember that different coins do not always represent different risks. If Bitcoin suddenly drops, many altcoins may fall together. Five open positions across five different coins can still behave like one large, highly correlated trade. Calculate your combined exposure before entering.
Rule 14 - Stop-Loss Execution Rule
Your actual loss may be higher than your planned loss because of slippage, trading fees, and funding fees. Always leave room for these costs when calculating position size. A Stop Loss is a risk-control tool, not a guarantee of an exact exit price.
Rule 15 - Profit Protection Rule
Do not automatically increase your risk just because your account is growing. Decide in advance how much profit you will keep in your trading account and how much you may withdraw. Protecting accumulated profits is just as important as generating new ones.
The Golden Rule: Protect Your Capital First. Control Your Losses, Follow Your Plan, and Let Profits Grow Consistently.
All Rules Created and Edited With Professor & AI. Not Just Created With AI Then Published, It's Published After Proper Research and Analysis. Professor Also Written Many Rules.
Professor Recommending to Follow All These Rules When Any Followers Trading With Professor's Signals.
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