Discussion in 'Risk Management' started by laeott, Aug 9, 2007.
Where or how do I find information about a trading plan.
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.
May share this with some of our newbies.
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.
Check out this website
Good for newbies
i will make it simple you to make a trading plan:
Set risk level
Do your homework
Set exit rules
Set entry rules
Keep excellent records
Perform a post-mortem
For more details of the points you can visit investopedia.com there you would find elaborate explanation.
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.
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