Sunday, August 26, 2018

Trading Steps 8/26/18

This is for newbies.

1) If a daytrader, plan you trade at least 1 day ahead of time.
2) If a weekend or longer term trader, plan your trade once a week.
3) Know your setups, your entry/exit ahead of time.
4) Have a checklist and when price meets your requirement, enter your trade be with or without stops.  Just make sure you know your entry and exit ahead of time.
5) Make sure you make money.  If you ain't making money, your process is not right. 
6) Again, profit is indication of good process.  And no profit usually is indicative of bad process.

Whether you are winning or losing, always review your stuff to improve be with or without a journal.

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