What If Your Trading Plan Cost You Money?
I recently got a trading plan from a new student and eager beaver who asked for some help with their plan. The moment I opened it, I realized it was incomplete and needed work. To be fair, they had gotten this template from another course, so cannot fault the student.
I generally suggest having two trading plans:
1) the Day-to-Day Trading Plan which includes your daily procedures
2) your Business Trading Plan
What we’ll be focusing on here is related to #1 above. Below is the general outline of their current plan, which I’ll go over, show you what needs to be changed, and what is missing.
Their Current Trading Plan
1) Introduction
2) Price Action Signals to Trade
3) …
