You are on page 1of 4

MANDO’S 2024 TRADING PLAN

12/31/2023

I, Mathew Luo am a Profitable trader, I have plenty to show for it.


A perk of being a Profitable trader is being able to EXECUTE
your called trades.

Why are you trading?

• I’m working a dead end job that is barely getting me through


the weeks and months, living cheque to cheque.
• I’m struggling to keep a job, mainly because of my mental
health. Living beneath cheque to cheque. Thinking of
borrowing my parent’s car for Doordash or Instacart.
• I am currently a Uber eats driver working everyday
• I want to make sure I am financially stable to be able to
support my family and be able to treat myself and be the
best version of myself.
• Achieve all my dreams and goals. Travel, Cars, Houses
• Invest my Capital to increase my streams of income.

How will you trade?

• I want to be an Intraday trader


• I will set alerts after analysing the market to give me clues
for entry. My trading sessions will be New York session
5 Fundamental Truth

• Anything can happen.


• You don’t need to know what is going to happen next in
order to make money.
• There is a random distribution between wins and losses for
any given set of variables that define an edge.
• An edge is nothing more than an indication of higher
probability of one thing happening over another
• Every moment in the market is unique.

How will you enter a trade?

MTF: Multiple Time Frame

• After analysing the 4H/1H and finding the S/D zones, I go


down to the 5M/15M for smaller S/D zones inside higher
timeframe zones.
• Big imbalance in Prices creating a massive push creates
these zones.
• Wait for price to come back to my zone after the imbalance
• Look for LTF trendline break, LFT removing opposing zones
and strong quality imbalance.
• Price comes back to my zone with a “Clean” arrival, which
means we do not want opposing zones being created while
arriving.
• SL is over/under the S/D zone, give trade breathing room
and TP is at Opposing zones or Liquidity zones
1TF: 1 Time Frame

• #1 Rule for this Method is Do NOT trade against higher


timeframe trend. We Must trade in the direction of the
higher Timeframe trend.
• Use 1 time frame to identify S/D zones and make entries
• Timeframe usually 5M/15M
• Big imbalance in Prices creating a massive push creates
these zones.
• Look for LTF trendline break, LFT removing opposing
zones and strong quality imbalances
• Maximum 1:2 on this setup

What pairs will you be trading?

• NAS100
• Gold

Weekly Routine Saturday/Sunday to prepare for the week


ahead:

 Back test and Journal My trades


 Analyse my pairs to determine the direction based on what
the fundamentals are saying.
 Go over your trading plan, to make sure you will not break
it and that you are trading sensibly

Risk Management

• I will not risk more than 1% per trade and will not trade
more than twice a day
• I will have a 1:2-3 Minimum Risk/Reward ratio
Personal Rules and Believes:

• I will be Confident when entering a trade.


• 90% Psychology 10% Technical Analysis
• Do NOT experience FOMO!
• Money comes to me in Abundance
• I live the life of my dream
• No weapon formed against me shall prosper
• I’m a Profitable Day Trader
• I will be financially free
• Trust and Believe in God always
• I’m Mentally, Physically, emotionally, and Spiritually in the
Best shape.

God Bless me to achieve my trading goals that I desire. I will be


a great and consistently profitable trader. AMEN.

You might also like