how do I create a trading plan?

[Spectra]

Quote from wmb:

Now this is why this board isn't as filled with crap as some suggest. Thanks for the links! Information like this is much appreciated. The plan I have is weak and unstable this information should help improve.

Two books that elaborate on the TRADING PLAN

High Probability Trading -- Marcel Link
Trading in the Zone -- Mark Douglas

Douglas does not go into charts or setups but deals with the PLAN OF MENTAL and Psychological preparedness when it comes to accepting the risks of trading.

Successfully,

Alex L. Wasilewski
Co-Founder & Head Trader
Trades That Work
www.puretick.com
1-877-GOLONG1 ( 1-877-465-6641 )

 

[Tcbjx9]

Thanks

Quote from Spectra:

Two books that elaborate on the TRADING PLAN

High Probability Trading -- Marcel Link
Trading in the Zone -- Mark Douglas

Douglas does not go into charts or setups but deals with the PLAN OF MENTAL and Psychological preparedness when it comes to accepting the risks of trading.

Successfully,

Alex L. Wasilewski
Co-Founder & Head Trader
Trades That Work
www.puretick.com
1-877-GOLONG1 ( 1-877-465-6641 )

 

[MarkBrown]

fist figure out what motivates you - the money or the game? if its the money your in trouble already.

 

[liujs]

This site gives you more information on how you can create a trading plan. It compares a trading plan to a company making a business plan. Provides a matrix on what you need for different markets and types of trading strategies.

Quite a different view from most other sources that I have read.

Well, sounds as though I am promoting my own site. I am, but its non-commercial. Just trying to solicit views on my thinking.

http://finance4traders.blogspot.com/2009/06/5-things-you-need-to-know-when-creating.html

 

[Spectra]

Quote from liujs:

Well, sounds as though I am promoting my own site. I am, but its non-commercial. Just trying to solicit views on my thinking.

http://finance4traders.blogspot.com/2009/06/5-things-you-need-to-know-when-creating.html

You have all the right in the world to promote your site.

Better than the morons here who have nothing to promote.

They have no idea what marketing is about anyway. Who would ever take advice from a bunch of losers.

Successfully,

Alex L. Wasilewski
Co-Founder & Head Trader
Trades That Work
www.puretick.com
1-877-GOLONG1 ( 1-877-465-6641 )

 

[NoDoji]

The Market Maker's Edge by Josh Lukeman

Come Into My Trading Room by Alexander Elder

 

[sophiekay]

Here is a site that has helped me.

www.myinvestingtools.com

 

[Cutten]

A trading plan should explain what to do at all stages of a trade from idea to entry to exit and beyond. Work out all the steps needed, and all possible decisions at each step. Decide which decisions to take under which conditions. Voila, a trading plan is born.

 

[LEAPup]

Quote from sophiekay:

Here is a site that has helped me.

www.myinvestingtools.com

Interesting! I like the calculator they have. Pretty cool

 

[Reealjrd]

Quote from laeott:

Where or how do I find information about a trading plan.

a real trader makes his own trading plans. you can learn technical analysis. fundamental analysis, some trading strategies, but never trading plans. use these things defenitly you will find yout you trading way and trading style. just practice more in forex trading platform. you can also use my broker's trading platform that AVA Trader. AVAfx has free demo trading platform. just use it then you can learn many things. for information log on avafx.com and use the code AVAQZ12.

All d best