building a plan

Quote from jacobnbr1:

can somone help me with creating a plan or method to follow?

want to build a plan for like swing trading, looking for being in trades from 1 week to 2 months. i have done trading by ta and they seem to turn into investments or break even trades.

thanks
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This reminds me of that old much loved mantra for salesmen.
'You didn't plan to fail; you just failed to plan'.
:)
 
Quote from Deptrai:

Trading what? It is not really easy being a swing trader. Psychologically it could be draining. You must be willing to delay gratification. You will be forced to think deeply everyday. So if you are patient and a thinking man, then it would suit you. I am a forex swing trader. I make it interesting by stacking my winners, though not all the time. It depends on where I think we are in the wave count. My losers I immediately cut loss. I don't carry them day to day because it is too stressful. I won't know if I can help you until I find out what you intend on trading. Stocks? Index futures? Bond futures? Forex?

Regards,

Deptrai
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i normally trade stocks. i was thinking it might be easier to trade index or sp, naz
 
Quote from ElectricSavant:

Now here is a homework project.
  • Take the 20 DOW componets and plot their 14 day RSI and add up those values into a single number.
  • Open up a spreadsheet and plot that number in a column.
  • Then I want you to look at the Futures instrument "YM" and plot its O/H/L/C.

See if there is anything you can observe...I have no idea..I just came up with this to teach you how to use the spreadsheet, during your off times from work (there is one Holy Grail and that is the one that you can find for yourself, that you can trade and that fits your personality)
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where do i pull up ym at? i have never looked at futures before, and what is ym?
 
Trade 50 shares of QQQQ do not worry about commissions, trade on daily or 60 min chart, record every trade, make notes why you made trade (either opened or closed position). With 50 shares you will limit your loss and will trade live and will have track record you can look back on. Than try to improve you entries and exits. After you master yourself either increase size or lower time frame.
 
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