Trading plan

lojze · Apr 4, 2004

Can anybody help me with their version, flavour, ... of trading plan?

I have finally realized that trading plan is too important to not have it ready for every trade.

nkhoi · Apr 4, 2004

I agree

BSAM · Apr 4, 2004

Mine's one page long.

Epsilon · Apr 4, 2004

Here's mine:

1. Never Lose Money.
2. If you lose money, make sure its not yours
3. If it is yours, remember #1

NihabaAshi · Apr 4, 2004

Quote from lojze:

Can anybody help me with their version, flavour, ... of trading plan?

I have finally realized that trading plan is too important to not have it ready for every trade.

Hi Lojze,

Use ET search menu in the upper right corner because many traders have shared their trading plans.

Have you started trading Futures yet?

NihabaAshi

harrytrader · Apr 4, 2004

This is philosophy not trading plan

Quote from Epsilon:

Here's mine:

1. Never Lose Money.
2. If you lose money, make sure its not yours
3. If it is yours, remember #1

GSCO · Apr 4, 2004

Quote from Epsilon:

2. If you lose money, make sure its not yours

I love hearing this philosophy.

"It's ok to lose money as long as it's not yours"

-ooO-(GoldTrade · Apr 4, 2004

Trade Calendar Spreads in the direction of the seasonal tendency.

Using Stochastics will help you envision the big moves coming.

Average Up, on breakouts.

Using Parabolic as a trailing stop will catch spikes.

Take out your starting capital as soon as you can and spend it.

That should cover it. What to trade. When to get in. When to increase your size. How to protect profits and what to do with windfalls. -ooO-(GoldTrader)-Ooo-