Do You Have Trading Rules? Do You Stick By Them?

I am fairly new to TA but I am not new to money management and strategy. I wrote down some basic rules for myself, just looking for some input here, maybe we can discuss some rules that you have found useful in the past or rules that you have possibly dismissed?

Listing some of my rules below

1 Requirement for entering a trade

• • Know more than the market, wait for special situation where market does not pick up on news and does not accurately price in fundamental price drivers
• • Do not trade events that are a 50/50 chance. At least a 80% certainty is required for you to buy the rumor / development
• • Watch the patterns, position yourself after an obvious trendline has been broken, even just slightly. Increase your position as you move up
• • Do not trade ETHBTC, instead watch ETHBTC to predict ETHUSD (Reasoning: BTC is always a force to be reckoned with)

2 Patterns, timelines, trendlines

• • Look for obvious trendlines (watch 3d chart)
• • Watch for bullish flags on the 1d/3d charts
• • Watch the volume but beware beakouts can occur on high and low volume
• • Watch for accumulation - is someone buying up repeatedly until it hits a trendline?
• • Most important: Cryptomarkets are manipulated. Trendlines are frequently broken only to recover very quickly. This is especially true during special situations where whales try to force weak hands into selling lower.

3 Downside protection:

• • Declare your stop loss and target price BEFORE you enter the trade
• • Give yourself ample room for downside but dont let the losses get away from you, be reasonable

4 Liquidity:

• • The more liquidity in a market the higher the price (as a rule of thumb). Watch for liquidity events (currency added to new exchanges or special announcements)
• • Crypto assets that command a higher liquidity should be on your radar as it is easy to enter a big position and sell a big position without much slippage

5 Crypto Resilience:

• • Always keep in mind that blockchains are resilient. Should a special situation occur e.g. a DDoS or attack always use that to your advantage and collect at the bottom IF you are confident the tech will be around in 1-2 years

6 Strength of mind:

• • Never underestimate your own abilities. Dont be foolish, keep learning but also have convictions. Trades can sometimes take weeks to unfold properly - make sure you both have the resources and the strength of mind to see it through but also do not be afraid to cut a loser. Dont hold onto a trade because of pride. If the market does move against you, you need to stick to your stop losses defined before you entered the trade.
• • Don't underestimate your opponent. Whales will constantly mess with your head by trying to break trendlines or make the orderbook look unhealthy. That is market manipulation, don't be affected by it.

7 Cushion of safety:

• • Never go all in, always keep something on the back for rebuys. When trading on margin, make sure you have a safety net.