9. 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? [...]
8. Plan and schedule review time. 8 of 12
This entry is part 8 of 8 in the series Create Trading PlanThe 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 [...]
7. Create a money management plan. 7 of 12
This entry is part 7 of 8 in the series Create Trading PlanWhat is your Money Management plan and how do you plan on using it? Most traders spend the bulk of
their time hunting for new trades. However, focusing on your existing trade and looking for ways to
get a larger "share of each [...]
6. Generate trades. 6 of 12
This entry is part 6 of 8 in the series Create Trading PlanWhere 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 [...]
5. Create a magnificent trading picture. 5 of 12
This entry is part 5 of 8 in the series Create Trading PlanLet your trading journal teach you what you need to do more of. Create collateral (a pile of good trades in your
trade journal) that educates you and compels you to see the way you should trade. Make sure your trading journal
include tons of [...]
4. Develop your core strengths. 4 of 12
This entry is part 4 of 8 in the series Create Trading PlanIdentify the top three compelling strengths, you have uncovered for trading the currency market. Your strengths
should be easy to spot. Then make those strengths the core foundation that you use when trading. You may be good
at picking entry points. You may be good [...]
3. Identify your remarkable strengths. 3 of 12
This entry is part 3 of 8 in the series Create Trading PlanAs part of you trading plan you should find out your win-loss ratio. This can be done by using the “Trade Tracker”.
When you purchase launch Pad you will find the “Trade Tracker” as one of the tools. By tracking groups of
say 20 trades [...]
2. Define your ideal trade. 2 of 12
This entry is part 2 of 8 in the series Create Trading PlanNew traders try to learn how to do everything and never become good at anything. You must narrow your trading
focus to grow. Look at your current personal schedule. What time do you have available to trade? Why are you
trading in the first place? [...]
Create a Stellar Trading Plan in 11 Easy Steps 1 of 12
This entry is part 1 of 8 in the series Create Trading PlanThe single most powerful trading tool on the planet is a trading plan. Now before you roll your eyes and run for
the hills, let me clarify. I am not referring to an academic exercise from a book.
I’m talking about a simple plan that [...]
Drawdown’s Against Profits and Confidence
(2 of 2)
….Yesterday afternoon, I closed down the platform, walked away from the computer and went for a walk with my little girl while my wife was still at work. I returned about 4 p.m., put daughter down for a nap, and then meditated upon the wins and losses and tried to determine what had [...]
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