Category: Trading Plan
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4 Tips to Improve your Trade Picks
Are you after consistent, successful results in Trading the Markets… Then the aspect you must include in your Written Trading Plan is how you will find your new Trade Picks. Now, I’m not talking about your Trade Entry Method specifically, I’m talking about the process you use to find and filter your Trade Opportunities. It…
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Open Trade Review – You know it makes Cents
One topic that often is glossed over when creating your Written Trading Plan, is Open Trade Review. Maybe some traders think they can just do it on the fly, without to much thought and she’ll be right mate…. Many traders think they are an over-achiever, to only have a Trade Entry Method and maybe a…
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Boost your Trading Success with the Risk Reward Ratio
You may have heard previously about the Risk Reward Ratio…… well what does that mean, I hear you say. Well the Risk to Reward Ratio is a ratio between the pre-defined Risk in a Trade and the pre-defined Reward in the same Trade. But what does this Ratio really mean…. The Risk Reward Ratio is…
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Balance Your Risk with Trading Money Management
When creating your Written Trading Plan, one topic that must be included is your Trading Money Management. This is because good money management can really boost the performance of any trading system & take the worry or fear out of Trading, putting your mind at ease knowing you have a system in place to protect…
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What’s your Trade Order Management Plan
When piecing together your Trading Plan, one area you need to put some thought into, is how you will execute your Trade Order Management, especially if you don’t have time to sit down to trade during the trading hours. Its probably one aspect of a traders tasks that doesn’t get much focus, but it is…