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Trading Plan 1

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princenagar469
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323 views4 pages

Trading Plan 1

Uploaded by

princenagar469
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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📒 TRADING PLAN

Trading Goal:
expert at finding my edge , execute the trades flawlessly without any single trading error , trade
management and think like a PROFESSIONAL TRADER ( think in probabilities , without any
expectations and see trades on basis of 25 sample size then tweak my methodology according to that
for next 25 trades )

Routine -:
6:00-7:00 AM - Post market / Day plan
5:00-5:25 PM - Meditation
5:45- 6:15PM - Pre market
6:30 - 10:30 PM - ACTIVE TRADING SESSION

Trading Methodology :
Day Trading / commodities/ indices
Gold
SPX500
Focus on high quality setups only & trade from level to level ( only newyork session )

Risk management :
max trades per day - 2
risk per trade - 2%

Setups:
Bounce Play
BOL
BOH
Break & Retest

No Setup! No Trade!

Trading Journal;
focus around my trading plan / my habits during trading hours
how i react to situations - after Profit/loss

Pre-Market
6:00 PM Game Plan/check news/ possible setups with Take-Profit , stop loss / money management
6:30 - 10:30 PM Active Trading
Post-Market
6:00 AM - review setups , trades , gameplan / R multiple / trade management / mistakes and
execution / Journal

If i am trading on( weekly , h4 , daily) levels, then i look for entry on 15m , 30m , h1
If i am trading on intraday level (h1,30m) then i will look for entry on 15m,5m
TakeProfit System -
Trailing stops
Through R Multiple
Through Market structure

When to exit trades early -


1. When the probability of trade so diminished (because of chop , volume too low , Time )
2. When there is news to come (high impacted)

GOOD LOSS :
1. Losses that were pre - defined ( acc. To my risk management plan )
2. Losses comes from the trades which is part of my GAME PLAN
3. Losses comes from setup which is part of my playbook
4. Have a proper Entry signal & Exit properly
5. Not make any trading error

GOOD TRADE :
1. Profit that come from the trade which is part of my gameplan
2. Profit that come from setup which is part of my playbook
3. Have a proper Entry signal & Exit properly
4. Not make any trading error

Before entering into a trade ask this question ?


1. Is this trade part of my gameplan ?
2. Is this trade has my setup (entry criteria , stoploss,takeprofit, market condition )
3. Is this trade has a Positive R multiple ?

Questions ask yourself after a losing trade ?


1. Was this part of my gameplan ?
2. Was my setup present ?
3. What mistake did i make ?
4. Did i manage the trade well ?
5. Did i follow my risk management plan ?

Rules - :
- Losses
○ I will never take loss above -1R

○ I will never increase my stop loss after entering in trade

○ *Before entering in trade i should always know my possible loss

○ I will never risk above my plan or which amount that if i loss would push me in state of terror

○ I will always follow my risk management plan no matter what


○ Always take Good Loss

- overall
1. I will not trade randomly no matter what how many point price move

2. I will treat every trade individually & “ every moment is unique “

3. I will only trade my setups ( High Prob. ) & from level to level .

4. I will not trade any news until i didn’t sure or resarch about that news .

5. I will daily do Pre-market , Post-market , Journal , R-multiple , drawdown…

6. Only if my setup is present in market then i will trade & never force trade in market

7. I will expect the unexpected in market & think in probabilities

8. Always in NORMAL CONFIDENCE not too excited after a big win & nor too upset after
a loss
9. Always trade in ‘sample size’ or see trading over a ‘series of trades’

10. Always accept loss because it's a part of game only ‘Good loss’

A GAME
Learning Mistakes (unavoidable)
Good trades // Good losses
Very calm / relaxed (after a loss)
Following the SYSTEM
Thinking over a series of trades rather judging the system on basis of individual trades

B GAME
Marginal Mistakes (not big / common but mistakes)
Too biased on side/trade
Calm (but not so much, still thinking about loss)
Early Entry / Early exit

C GAME
Obvious mistakes (big or common)
Overtrading
Overleveraging
Revenge Trading
Not follow system (entry / exit criteria)
Thinking about (losses are avoidable / through technical analysis possible to know what’s
going to happen next
Self doubt

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