Boot Camp

I would like to focus your mind for a minute and challenge a few brave soldiers to partake in this thread...

This thread is for aspiring traders to practice making a plan BEFORE the start of a trading session

Required:

Attach a word document stating the following:

 

1. Reason for trading today
2. Objectives
3. Importance
4. Plans for entry
5. Plans for management
6. Plans for exit
7. Areas in which you plan to attack.
8. Or whatever you feel is necesary

The reason for attaching a word doc instead of posting in the main post is so . I will read everyone personally so at least you have someone watching. But the "leechers" of the thread will have to spend some effort if they want to see it. I assure you 99% of the people that come in wont bother to load the attachment in the first place.

Objective focus is key.

The idea is to get you focused and from your results you can reflect on...

 

1. How well you stuck to your plan
2. Areas of improvements
3. The strength of your method
4. The ways you may have been sucked irrelevant action thats designed to panic and rush you into poor decisions hrough boredom or whatever reason.

I hope someone partakes. Give it a go theres no wrong answers here
If not - God knows I tried

It's not necessary ...

lol

gl taking that into battle - Not talking bout real world wars here - This is not the place for poilitics - Im metaphorically speaking! Just to be clear

good opportunity here someone should take it up

how often do you get ppl offering to help for nothing?

regards damien

Its more about helping people help themselves but thanks for the encouragement... Im no guru

I'm not here to criticise anyones methods or strategies - just be interesting to start some discussion about the way individuals are approaching things and maybe some revelations about the traps they are falling into from an objective perspective

thanks for your attempted help for newbies. i dont even have a system yet, can you suggest one ? thanks

But it seems like people misread your message and attached video-links instead

I will do it, as soon as I'm not a junior member and can attach documents.

Sorry not touching that one with a 10 foot pole - You need to find something to start with that suits you, I havent been on the tradings system forum in a long time so not sure whats on there these days,,, But if I had to I would suggest something that involves support resistence and/or price action... (And not Jacks House of PAIN!) PLEASE!

Its hard to develop your own method when you are new so starting with someone elses system is may be essenstial in the learning process but eventually you should begin to think for yourslef and develop your own style. This takes time

Cool - Videos? GUILTY! - Sorry sometimes I just drink too much what can i say lol

Ah, so that's the reason, it had to be something! http://www.jonrb.com/emoticons/drunk.gif

It's hard to resist posting an irrelevant music video in every thread you create.


edit: hard for me to resist, that is. And when i think irrelevant, i think of cash money hoes posted in 30 threads on the front page.

No not hard at all

Whoever said its irrelevent.

I love music what can i say -

Here ya go

Inserted Video

I have been learning about the support and resistance and how price moves around this significant points. all i know is that it requires me to pratice and exercise patience. i know i am getting there as the days goes by.

Well Kaay I think thats a perfect start - I myself wasted about a year with indicators when I started - Stick with it