Trading Plan Outline & What's the point of a trading plan? ‘When fist started wang | hough was absolutely useless. But sue was wong, | hn what my state is dont ned to wrt anything down” ifyou havent aledy youl come to een that th mare you system your ading the bate it ‘ele. Swe we may have cur trading rubs in our hen, when comes down to the acta ‘trading ian beast gt orb wth these es Dropdown to lower timcrame, rade this news event cos rade ory Thar’ courtiess nd th aad oc unnecessary loses and alae of dlscpinn So that's why we have a tang plan Tis my Wading plan adit doesn have ob yours. tit ‘mayhalp you bua arewerk for what your Wading pln should include, pethape some general oles in your ding tatey: somethings tha you ade thought of belo Sono mater how you dec tous i hope hati sles your tang ond gets you thinking ‘object nts of ystems and away fom the emotional rlercoase that tradag can often oe Tomay is Mort & ‘What ar the confuences that we can ue to consider taking» trade? 1. Tending 2, Moving Averages 3, Roonaci Levels 4 Key Lov 5. RoundPychlogcal Levels {6 Connected Pas Aligning EA LGA EN &.GN, ee Whats required to take a trade? = 3 convenes onthe cy 2aheontuonen equals daly eooanes ‘Minimum RR that’s requted to take a trade? How much de we ra por tade? "onthe fest rade of calenge accounts. We then nease or decease ecodnay How do we enters tedet We must ALWAYS entering a pending or How de we place our pending orders? ifthe conPuances ae separated, we eter spi our orders or choose one areata ener and adjust our stop loss accosingly How does the news impact our trading? = We do NOT forthe news Te er the market hits ou price the bats “The ony aus tte cancel aac for¢ NF and eantral ban nee/ dat, When do we cncel a trade? Sight ascretonay, but remember We ned a signa st to aciv osignicart move Dentlook onthe th chart see an area as bee etd, {om cancel ping onder en 2. We came scot clort iting the ar and hve moved scant rom he poring How do we set our profit targets? =Prftarget ast sgh before gna confusnce. For ly tras TP ways be SD% of potion a 30 Pps iw do oe koa ota lt Sop loss must be placed tow or oveift's a shot al cnfuences, with sufient oom to rethe ok youre pric its your stop lal, an yu tv witht Wil you abet move on or wl