by Kirk Norwood | Nov 25, 2009 | Create Trading Plan - Series, Disciplined Trader Series, Exit Signals, Trading Strategies
“Only a trader with a solid, tested trading plan and the total discipline to execute that plan, in all its aspects, will be equipped to take advantage of market opportunities and be a consistently successful trader. All others will fail." Now ask yourself a couple...
by Kirk Norwood | Oct 5, 2009 | Create Trading Plan - Series, Trading Strategies, Trading Tips
Where and how will you find your next trade? Through sitting in front of the computer for hours? Via:Â an alerts system? At the time news comes out? The point is you need a plan for how you will find enough trades to keep you interested and make money. The process of...
by Kirk Norwood | Aug 21, 2009 | Create Trading Plan - Series, Trading Strategies, Trading Tips
1. Vision of why you are trading and where you want to go. Identify the strategies and tactics you will use. A trading plan is a tool not just an exercise 2. Select the time you will trade, the time frames you will trade on (long or short term...
by Kirk Norwood | Aug 19, 2009 | Create Trading Plan - Series, Trading Strategies, Trading Tips
Building and executing your trading action plan can take weeks or months. If you want to build and execute in half the time, without tedious manual effort, check out the instructions on how to write a trading plan from the instructions in launch Pad. The...
by Kirk Norwood | Aug 17, 2009 | Create Trading Plan - Series, Trading Strategies, Trading Tips
With your strategy in place, you can set time lines to hit those milestones on your way toward your target. Track actual results against your plan so you can adjust your strategy as you go and measure your success.
by Kirk Norwood | Aug 14, 2009 | Create Trading Plan - Series, Trading Strategies, Trading Tips
Look at the trade tracker, see where you were at on the first 20 trades (win-loss ration), then see how you have improved over the next few groupings of 20 trades. Identify what your strengths were when you started and see what they are now. Are your...
