The Ten Commandments of Using Heatseeker

Ten habits the Skylit community repeats. They are about discipline and risk, not a trading system.

1. Thou shalt protect your existing capital at all costs.
2. Thou shalt look for reactions at floors or ceilings (not diddle in the middle)
3. Thou shalt know your risk and reward before you act
4. Thou shalt always consider where price was delivered from
5. Thou shalt be aware of the broader market
6. Thou shalt put technical analysis before utilizing Heatseeker
7. Thou shalt seek confluence between Heatseeker and Price Action
8. Thou shalt not oversize
9. Thou shalt not chase: let price come to the level
10. Thou shalt have a plan for protecting open gains.

Above all, practice sound risk management and protect your profits. Recall these commandments regularly, even in the wake of a green day. The market will always find a way to humble you.