DAY TRADING PLAN
A 5 steps process to successful trading :
- UNDERSTAND the market place.
- IDENTIFY OPPORTUNITY.
- Work out RISK/REWARD potential.
- CONFIRM the trade.
- MANAGE the position.
how it works :
- Market Profile : Provides UNDERSTANDING on how to trade the current market place.
- Price Action : IDENTIFIES OPPORTUNITY.
- Market Generated Reference levels : Uses to work out potential RISK/REWARD.
- Order Flow : CONFIRMS when to trade.
- MANAGE the position : Focus on minimising risk and maximising profits.
Bellow are some important links to informations and updates that I added to my trading along the way:
post # 26 : Pre-Market Analysis
post # 37 Daily Process
post # 48 Build a Trading Business Plan
post # 49 Keep a Detailed Journal or Diary
post # 52 Self Improvement : Learning How To Develop Self Discipline In Life
post # 117 Euro FX Daily Range Study
post # 90 Three Questions For the Start of the Trading Day
post # 91 Three Questions for the End of the Trading Day