New Trader--Trading plan

i do this every morning before the market opens to get me awake

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Quote from jhaski:

Sorry for the dumb question, but how do I make a trading plan?

Are there any books or websites that would help me start?

Thanks for the help.
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What are you trading?

Where do you trade?

What is your experience?
 
My trading plan development effort might proceed like this:

1) Choose something to trade.

2) Choose a purchase price.

3) Choose how much to buy.

4) Choose how much I am willing to lose.

5) Choose a price or criteria to sell.

6) Commit to following my rules.

I might test my idea with historical data or pretend trading before using real money.

I might test more than one trading plan to identify the plan that I like best.
 
This is what happens when you get owned in public.

Resorting to silly name calling, not a good sign. Shows a basic lack of functionality. Not a good thing for a 'trader'. Consider other work.
 
dr. alexander elder wrote several books that are great, but i would start with COME INTO MY TRADING ROOM. he writes principles in there that took me years to learn, and gives some valuable insights which even more experienced traders can learn from.

i used to shun books as well, until i started reading his....
 
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