Thursday, 24 November 2011

“Top 10 questions a Trading Plan must answer“.


A Trading Plan has only one purpose which is to guide the Trader to achieve his goals in Trading and in Life. It must pre-define a course of action to all situations a Trader will encounter. It must contain a system that can be easily followed, otherwise it is likely the trader will eventually not follow it.
Developing your trading plan is an essential process for a trader on his or her road to success, it can be a process which evolves over time as you expand your knowledge and learn about yourself.

Below are all the posts in this series:
  1. What are your Life Goals & Trading Goals?
  2. What is your Trade Entry Method?
  3. What are your Trade Exit Methods?
  4. What type of orders will you use to enter & exit?
  5. What are your Money Management Techniques ?
  6. How will you manage your Position Risk versus Reward?
  7. What is your Process for Open Trade Review & finding New Trades Picks?
  8. What is your Trading Success Profile?
  9. How will you Review your Trading System to measure & improve?
  10. What is your Trading Daily Routine-(Part1 & Part 2)?

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