Trading plan

stochastics 8,3,3 is a 3rd check list in trading plan

Now i understand how to do topdown analysis

20 Components of Trading Plan from youtube informmedia.com

Why trading?
What do you hope to gain?
What separates you?
your weakness?
plan to address those areas?
time to devote for trading?
your style of trading?
Markets you will Trade?
Time Management Plan?
Entry Criteria?
Exit Criteria?
Money Management Criteria?
Strategy Monitoring plan-how r u willing to know if your strategy stops working
strategy for adjusting plan
Trading Software/Budget
What broker you plan to use and why
Will you add your money periodically
will you reinvest your profits
can you support yourself
starting balance of your account

 

 

Psychology Trading Plan

Don't buy or sell with our MACD cross over

 

Break out Trading

Resources:

definition leon wilson “The business of share trading” page 344

The Longer the inaction, the greater the reaction.

 

Secondary Analysis:

• Bollinger bands –4*
• OBV
• MACD-H
• Stochastic

Observations

More money is involved i am getting panicked