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☆ SANA MAKATULONG ☆
How to Make Your Trading Plan Before you can trade, you must first have a trading plan.
A trading plan is written while the market is closed to tell you what to do when the market is open.
A trading plan tells you how to specifically carry out your trading system in real time with real money.
A trading plan drives discipline and is consistent with your trade by allowing you to create a framework of execution when your mind helps to manage your emotions and impulses when they are activated action, income, and price loss. Here are 21 questions you need to ask and find the answer for before you start to trade real money:
1. What markets do you trade?
2. What timetable do you trade?
3. What will be your entry signal?
4. What will be your exit signal?
5. Are you stopping the losses in price levels that prevent the noise of normal price movements and only trigger when you prove to be incorrect?
6. How do you use stops to maximize gains?
7. Will you have a target price or leave your earnings open ended?
8. Have you tried your entries in multiple multiple market environments to make sure they are profitable long time?
9. How big is the size of a position you make for each trade?
10. What do you want your maximum loss in any trade?
11. What are your goals for annual return?
12. What do you want to limit the maximum drawdown?
13. What are you expecting to win percentage?
14. What is your goal for risk / reward ratio?
15. How many open positions do you have at one time?
16. How much will your maximum exposure be at risk at a time?
17. How you position the size based on the volatility of the underlying asset.
18. Can you use the margin?
19. Can you use your trading behavior?
20. Do the markets sell enough liquids and have a tight bid / ask spreads?
21. Will you set performance records to track the quality of your trade enforcement? These are the right questions to get you started on finding the right answers for your own personality, goals, and risk tolerance.
Your travel journey should start here!
♡^THANK YOU MGA KA PHC^♡
How to Make Your Trading Plan Before you can trade, you must first have a trading plan.
A trading plan is written while the market is closed to tell you what to do when the market is open.
A trading plan tells you how to specifically carry out your trading system in real time with real money.
A trading plan drives discipline and is consistent with your trade by allowing you to create a framework of execution when your mind helps to manage your emotions and impulses when they are activated action, income, and price loss. Here are 21 questions you need to ask and find the answer for before you start to trade real money:
1. What markets do you trade?
2. What timetable do you trade?
3. What will be your entry signal?
4. What will be your exit signal?
5. Are you stopping the losses in price levels that prevent the noise of normal price movements and only trigger when you prove to be incorrect?
6. How do you use stops to maximize gains?
7. Will you have a target price or leave your earnings open ended?
8. Have you tried your entries in multiple multiple market environments to make sure they are profitable long time?
9. How big is the size of a position you make for each trade?
10. What do you want your maximum loss in any trade?
11. What are your goals for annual return?
12. What do you want to limit the maximum drawdown?
13. What are you expecting to win percentage?
14. What is your goal for risk / reward ratio?
15. How many open positions do you have at one time?
16. How much will your maximum exposure be at risk at a time?
17. How you position the size based on the volatility of the underlying asset.
18. Can you use the margin?
19. Can you use your trading behavior?
20. Do the markets sell enough liquids and have a tight bid / ask spreads?
21. Will you set performance records to track the quality of your trade enforcement? These are the right questions to get you started on finding the right answers for your own personality, goals, and risk tolerance.
Your travel journey should start here!
♡^THANK YOU MGA KA PHC^♡
