A Trading Plan and Discipline = Keys To success
“Only a trader with a solid, tested trading plan and the total discipline to execute that plan, in all its aspects, will be equipped to take advantage of market opportunities and be a consistently successful trader. All others will fail.” Now ask yourself a couple of questions. QUESTION 1: How many times have you done [...]
October 5th, 20096. Generate trades. 6 of 12
Where and how will you find your next trade? Through sitting in front of the computer for hours? Via: an alerts system? At the time news comes out? The point is you need a plan for how you will find enough trades to keep you interested and make money. The process of finding trades is [...]
August 21st, 2009SUMMARY 12 of 12
1. Vision of why you are trading and where you want to go. Identify the strategies and tactics you will use. A trading plan is a tool not just an exercise 2. Select the time you will trade, the time frames you will trade on (long or short term trading). Then pick out a set up [...]
August 19th, 200911. Get help from a trading expert. 11 of 12
Building and executing your trading action plan can take weeks or months. If you want to build and execute in half the time, without tedious manual effort, check out the instructions on how to write a trading plan from the instructions in launch Pad. The instructions on our trading plan will walk you through every [...]
August 17th, 200910. Forecast the time to hit your target. 10 of 12
With your strategy in place, you can set time lines to hit those milestones on your way toward your target. Track actual results against your plan so you can adjust your strategy as you go and measure your success.
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