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Action Plan For A Weekly Income Trader
Action Plan For A Weekly Income Trader
1) Need to go through all the 24 CTP sessions and watch the recordings at
least once or 2 times
2) Submit your personal trading plan to your mentor
3) I will attend 2 live sessions during the day
4) I will attend one bonus session every month for 11 months for
reinforcement of the Core Strategy including Risk Management and Trade
Management
Sessions to attend:
10:00 am - 10:45 am – Equities (Focus on Weekly Income Trades)
Time Allocation:
60-90 minutes on Stock Analysis per day + 2-3 hours of analysis on the weekends
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4. What strategy I am going to use to identify my trend ?
I will be using the 50 SMA using the clock and slope approach
10.Targets
a) I will have one target (One bracket MyGTD order Long. For going
short you have to take the trade in futures)
b) I will have 2 targets (2 bracket MyGTD orders Long with 2 different
targets. For going short you have to take the trade in futures)
c) I will have multiple targets (Multiple bracket MyGTD orders….)
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Action plan for a Monthly Income Trader
1. Need to go through all the 24 CTP sessions and watch the recordings at
least once or 2 times
2. Submit your personal trading plan to your mentor
3. I will attend two live monthly session every month
9.00 pm – 10.30 pm
4. I will attend one bonus session every month for 11 months for
reinforcement of the Core Strategy including Risk Management and Trade
Management
Time Allocation: 2-3 hours on the weekends
Order Placement: During market hours + Aftermarket hour orders
4. What are some of the secondary tools that I am going to use while trading
MIT?
Daily ATR
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5. What is going to be my stopping point for the MIT?
10% of DATR