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 […]
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 […]
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 […]
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 […]
When creating your Written Trading Plan, two of the most important things you will need to include are your Trade Entry Method and your Trade Exit Methods. As with every trade entry there must be a trade exit strategy. Many traders place a high importance on finding the perfect trade entry, where knowing when to […]
