10. Forecast the time to hit your target. 10 of 12

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.

9. Understand your numbers. 9 of 12

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...

8. Plan and schedule review time. 8 of 12

by Kirk Norwood | Aug 12, 2009 | Create Trading Plan - Series, Trading Strategies, Trading Tips

The time for action is now! Create a trading calendar, including milestones, so you can take action and track your progress. Stick to your plan. Whatever it is that you have pledged to do, get it done! It's easy to get overwhelmed with a big task list so break it down...

7. Create a money management plan. 7 of 12

by Kirk Norwood | Aug 10, 2009 | Create Trading Plan - Series, Trading Strategies, Trading Tips

What is your Money Management plan and how do you plan on using it?  Most traders spend the bulk of their time hunting for new trades. However, focusing on your existing trade and looking for ways to get a larger "share of each trade (adding on to the...

6. Generate trades. 6 of 12

by Kirk Norwood | Aug 7, 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:  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...

3. Identify your remarkable strengths. 3 of 12

by Kirk Norwood | Jul 31, 2009 | Create Trading Plan - Series, Trading Program, Trading Strategies, Trading Tips

As part of you trading plan you should find out your win-loss ratio.  This can be done by using the “Trade Tracker”. When you purchase launch Pad you will find the “Trade Tracker” as one of the tools.  By tracking groups of say 20 trades at a time, and...