Creating your own Trading Strategy!!

21 thg 11, 2018

SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY

Creating your own Trading Strategy!!

Below is a quick run down of things to think about when creating your own trading strategy

1. How much time during the day do you have to devote to trading?
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2. How much money do you need to live on each year and how much of that must come out of trading profits?
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3. How many distractions can you expect during the day/night?
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4. Specify the markets and times of the day you will trade?
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5. Do I want to trade multiple systems?
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6. Will you short sell? Or go long?
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7.Where will you place your Entry/Stop Loss and Target Line?
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Follow your Trading plan, Remain disciplined and keep learning !!

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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!