Trading Plan

Trade Routine/Plan

  • Find a time to trade without distractions
  • Check the news
  • Draw on linear Regression / Identify the Trend
  • Draw on Support and Resistance
  • Analyze indicators
  • Check volume
  • Calculate Risk
  • Entry and Exit strategy
  • Take the trade

Hope for the best, plan for the worst.

  • Before you get in a trade, have an exit strategy in mind
  • You can base your exit strategy off of: Pips, Percentage or Time.
  • SL, Hedge and Price average to get out of bad trades

Setting a realistic goal! Set Daily goals. (Trading profit)

  • 1% a day
  • XX pips
  • XX Trades a day
  • Make goals achievable but not too easy