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Trading Goals

The trading plan emphasizes a disciplined approach focused on achieving higher probability trades while managing risks effectively. Key strategies include maintaining a trading journal, analyzing trends and indicators, and avoiding emotional decision-making. Profit-taking should be strategic, with specific guidelines on when to book profits and manage losses.

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Roland1907
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41 views2 pages

Trading Goals

The trading plan emphasizes a disciplined approach focused on achieving higher probability trades while managing risks effectively. Key strategies include maintaining a trading journal, analyzing trends and indicators, and avoiding emotional decision-making. Profit-taking should be strategic, with specific guidelines on when to book profits and manage losses.

Uploaded by

Roland1907
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Trading Plan

Trading Goals:

 Focus: Higher Probability Not Certainty


 trading is all about timing, pride has no place in trading
 Big Profit (Best) 10%
 Small Profit (Better) 70 %
 Small Loss (Opportunity Cost = Acceptable). 20%
 Earn Slowly and steadily. (Risk: Reward: 1: 2 or 1 :3)
 Keep a Trading Journal after you make profit with one set for a month consistently.
o Start Taking 2 trades a day.
 Avoid Sensory overload and Decision paralysis.
 Build 40% portfolio then use 50 % of the 40 % profit to trade aggressively (Experimental
Fund)
 Ensure your loss is not due to emotions or lack of discipline.
 Never Fight the market and decide your trading style. (Trend Trader or Contrarian Trader)

Choosing a Trade:

1) Recommendations given by Youtubers - (Trust but Verify)


2) Check the Trend Strength (40%) and other parameters (Stop Loss and Risk
Management), draw support and resistance on higher time frames and current time
frames too different colours
3) Least Dissonance across Indicators (Indicators: Indicate: Recommend:
And are not confirmations, hence Not to be followed blindly)
o Confirm with past and predictive indicators
4) Check Global Events and current events
5) use heiken ashi to make trades and check results
6) Analyse in Higher Time frame, Trade in Lower Time frames.
7) If there is a trade take it, there are no fail-safe trades
8) Don’t let your emotions get better of you
9) 1st step decide the direction via super trend and other indicators and then decide
the entry point based on the line Entry cannot be taken everywhere

Avoid Trades

 Stop loss hit and entering in the opposite Direction


o stoploss is greater than your risk-taking capacity skip the trade.
o Liquidity Grap
o Fake Breakout / Fake Breakdown (Probability is lesser when trend is negative cos of
fear breeds fear)
o ONLY REACT TO THE MARKET Don’t predict OR HOPE (Reaction time and decision
speed matters)

Take Profit:

 Take profit at 80 % to 85 % before Trading Goal.


 After a month start using Trailing Stop Loss. (Book 50% profit at 80 % to 85 % before Trading
Goal)
 Do not be greedy : Book 50 % of your investment on TG1 , 30 % on Tg2 and 20 % on Tg3
(Indian Market specific)
 One Bird in Hand is better than 2 in the bush.

Risk Management:

Trade is Good but exceeds Risk management parameters, Avoid that Trade.

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