SUMMARY 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.
August 14th, 20099. Understand your numbers. 9 of 12
Look at the trade tracker, see where you were at on the first 20 trades (win-loss ration), then see how you have improved over the next few groupings of 20 trades. Identify what your strengths were when you started and see what they are now. Are your strengths still the same or have they changed? [...]
August 12th, 20098. Plan and schedule review time. 8 of 12
The time for action is now! Create a trading calendar, including milestones, so you can take action and track your progress. Stick to your plan. Whatever it is that you have pledged to do, get it done! It’s easy to get overwhelmed with a big task list so break it down into smaller, more manageable [...]
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