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Trading Plan
Trading Plan
1. RULES
TRADING IS NOT A GET RICH QUICK
SCHEME
WHEN YOU FUND YOU INVESTING
AS LONG MOMEY IS AT MT4/MT5 JUST
KNOW ITS NO LONGER YOURS
IT ONLY BECOMES YOUR ONCE IS AT THE
BANK
SET TIMES TO MANAGE YOUR TRADES IT
CAN BE DURING NY SESSION OR LONDON
SESSION.
2. ENTRIE EDGES
ASCENDING CHANNEL
DESCENDING CHANNEL
BEARISH FLAG
BULLISH FLAG
RAISING WEDGE
FALLING WEDGE
EXPANDING CHANNEL
CONTRACTION CHANNEL
SUPPORT & RESISTANCE
3. PSYCHOLOGICAL DISCIPLINE
AS LONG AS THE TRADE IS RUNNING IN
NAGATIVE IT’S A PENDING LOSS
WHEN A POSITION IS IN PROFIT IT’S A PENDING
WIN
ONCE A TRADE HITS AN S.L THAT’S WHEN IT’S A
LOSS
ONCE A TRADE HIT A T.P IT’S A WIN
ALWAYS REMEMBER YOUR SETUPS ARE THE
BEST.
4. TRADES MANAGEMENT
$3000 – NO LOT SIZE MORE THAN 0.30
DUPLICATE TRADE ATLEAST 5 TIMES/LESS
70 PIP IN PROFIT SET S.L 15 PIP FROM ENTRY
(PUT S.L ABOVE OR BELOW ENTRY WIT 15 PIPS)
WAIT UNTIL A TRADE HITS S.L IF YOU BILIEVE
IN YOUR ACCURECY
MANUALY CLOSE A TRADE ONCE YOU START
DOUBTING IT.
5. TARGET/GOAL
HAVE REALISTIC GOALS
E.G $1000
DAILY WE LOOKING FOR SOMETHING NOT
LESS THAN $100
MONTHLY NOTHING LESS THAN $500
BIG TARGETS DEMAND BIG FUNDS
E.G CAR, HOUSES ETC.
THE BIGGEST GOAL IS TO MASTER THE SKILL.