Trading Plan

Trading System Core

I am an EOD trader and I trade off the daily charts. I enter any PASR that I see fit as long as it goes along with my higher TF analysis.

I risk no more than 2% of my account on each trade. The max risk that my account will take at a time is 6%. I will increase or decrease my lot size according to the 1.5% money management rules.

Trading Routine

I will have a trading session every morning for maximum of 30 minutes around EoD. Then I will f*** off and do some other stuff. On weekend I will spend as much time I need to make a watch list.

For the 30minutes, firstly I will go through all the trades that I am on to see if there is any action necessary to be taken. Then, I will only go through my watch list, then I will f*** off.

Mindset

Paying less focus on whether trade is right or wrong. Is not a big deal to wrong. What’s a big deal is, exit early when you know is wrong, manage trade properly when the trade is right. Trade management IS WAY MORE IMPORTANT THAN ANY OTHER ACTION THAT I TAKE ON TRADING.

I will be consistent on the things that I am doing.

Weakness

I f*** up trade management.

I am not doing things consistently lately.

Goals

  • My account should be 3% in profit by the time of 1st Feb 2019.
  • I be consistent on doing trade related activities. Make the routine work.
  • Master the trade management before thinking about learning PASR.

Trading Journal

First time my trading journal last 3 days long. Let’s see how it will goes this time.


Here is the link to old trading plan