how do I create a trading plan?

Discussion in 'Risk Management' started by laeott, Aug 9, 2007.

  1. laeott


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

  2. Here's a pdf I downloaded quite some time ago. It should give you an idea on what a strategy can or should consist of.

  3. May share this with some of our newbies.
  4. swinger


  5. Many people have actually traded without a trading plan. Trading Plans allow you to monitor your trades with a particular set of goals in mind. Before set trading plan a person will need to adjust with the information as the market conditions change and your trading methods change. I was updating the trading plan every fourth or if you trade certain times within the year, set up a regular date to update or modify your trade plan.
  6. Tcbjx9


    DNS error!
  7. Reealjrd


    i will make it simple you to make a trading plan:
    Skill assessment
    Mental preparation
    Set risk level
    Set goals
    Do your homework
    Trade preparation
    Set exit rules
    Set entry rules
    Keep excellent records
    Perform a post-mortem

    For more details of the points you can visit there you would find elaborate explanation.
  8. 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.
    #10     Jun 4, 2009