Trading plan

Discussion in 'Trading' started by lojze, Apr 4, 2004.

  1. 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.
  2. nkhoi


    I agree
  3. BSAM


    Mine's one page long.
  4. 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
  5. 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?

  6. This is philosophy not trading plan :D

  7. GSCO


    I love hearing this philosophy.

    "It's ok to lose money as long as it's not yours"
  8. 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.

    [​IMG] 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-