How To Be Consistently Profitable Trader - E-Book

You might also like

Download as pdf or txt
Download as pdf or txt
You are on page 1of 9

HOW TO BE A

CONSISTENTLY
PROFITABLE
TRADER
THE 5 STEP CHECKLIST

The Millionaire Trader


WHAT TYPE OF TRADER ARE
STEP 1 - YOU ?
FIND YOUR ASK YOURSELF -

TRADING 1. Swing trader


2. Day trader
STYLE
Further Classify -

1. Nifty trader
2. BankNifty Trader
3. Equity Markets Trader

Know Exactly Why Are you In The


Markets.
The Millionaire Trader
TREND TRADING OR STRATEGIEST ?
Define Your Trading Strategy -

Further 1. Trend Trading -

Classify Markets Are Trending For Only 20-


25 % Of Total trading Days - So You
Need To Have High Level Of Conviction
& Pre-Defined Strategy To Catch This
Trend.

2. Option Strategist -
If You Trade Option Strategies - Then
you limit Your Profit, But At the Same
Time You Decrease The Chances Of
Losses & Get High Level Of Consistency

The Millionaire Trader


YOUR TRADING PLAN HAS -
STEP 2 - 1. Risk management
Develop Your 2. Position Size
3. Time Frame You Are Going To
Trading Plan Trade In.
4. Take Profit Percentage
5. Daily Loss Limit
6. Daily Profit Limit - Most People
Ignore This, But Its Very Crucial
(Knowing When To "Take Profit" &
Exit Is Extremely Crucial)

The Millionaire Trader


WHATS'S YOUR TRADING SECRET ? -
STEP 3 -
Your Trading Develop Your Own trading Secret, Ex-

Strategy 1. If i am trading then i'll only trade in Bank


Nifty.
If This - Then That 2. If I am trading in BN, i'll Focus On Top
Down Approach
3. If I see a Narrow CPR Then I'll Look For
Previous Day High/Low Breakout
4. If I Find A Breakout Then i'll enter On
Pullback With Confirmation
5. If I'll Enter Then I'll Strictly Follow My
Stoploss & target.

The Millionaire Trader


EXECUTE WITH CONFIDENCE
STEP 4 - Execute Your Trading Plan Consistantly
Execute Your Do Not Deviate From It Too Early
Trading Plan
Follow the Same Trading Plan For Atleast
"100 Trades" For The Law Of Large Numbers
TO Start Working.

If You See that The Plan Is Working - Stick


To It.

Improvise And Emprove Whenever Needed.

The Millionaire Trader


REVIEWING GIVES YOU INSIGHTS
STEP 5 - After 100 Trades, Review Your Trading
Review Your Journal.

Trades If Your Trading Strategy Has Positive


Expectancy - Well - CONGRATULATIONS.

If Not - Then Go Through Step 3 And Step 4


Again.

The Millionaire Trader


Do Not Let Emotions Run YOU
NO HOPE / NO FEAR / NO GREED / NO ANGER - BE A BOT

The Millionaire Trader


The
Millionaire
Trader
Club
ELITE COMMUNITY OF EMPOWERED TRADERS

You might also like