Click Here for Post One of 'What Trading Really Is Series'
Normal 0 Trading any of the financial markets is a one on one activity. If someone is going to do it
for you it is you. You will need to follow a trading plan and guess who, is going to have to
write your trading plan. You can get examples of how to construct a trading plan but you have
to put in your personal information.
This is something you will actually have to write out. Long hand or computer generated but
you will need a hard copy to refer to, it needs to be in front of you. You will need to have
your trading rules to refer to so you stay on track. You just need to get the rules down
then follow them.
You need at least three parts: How to time the entry, deciding on the size of trade to take them place the trade and determining when to close a trade by getting out. You can find an example of a trading plan in this blog under favorites posts.
A trading plan should be thought out and cover every eventuality. When to trade, how much to
trade, when to enter, when to exit, all the details of how your trading will take place.
By doing this part of your trading career puts you way ahead of where you will be if you by pass it. You will be wandering around trying to figure out why things happen or what just happened.
Keep it simple and follow your rules.