my plan

Discussion in 'Trading' started by monee, Oct 24, 2001.

  1. monee


    here is my plan for intraday trading:

    1. have a strict set of rules as to what strategies you will trade.
    2. identify what strategies work in what mkt environment.
    3.have the discipline to follow all stop loss, trailing stop and entry criteria rules you have established.
    4.Make a list of your "evils" as to what circumstances cause you to violate your rules and be constantly aware of them.

    I have found that when following my rules I consistantly make money but frequently {2-3}times a month break them and pay dearly. Generally it stems from overtrading.Any comments assistance or e-mail appreciated.
  2. yk


    I completely agree!