Wednesday, May 7, 2014

on

MY TRADING PLAN

Mission Statement:
TO MAKE THE MOST MONEY WITH THE LEAST AMOUNT OF RISK
3 Important Note

1 . TRADE THE TREND
  •  IF UPTREND (look for BUY only) - If direction is going up with higher high & Higher lows
  • IF DOWNTREND (look for SELL only) - If direction is going down with series of lower lows & lower highs
2. ANTICIPATE THE TREND
  • Watch out when price is in range bound. NON-TRENDING market transit to trending market.
3 . KEEP FEAR TO A MINIMUM
    • By trading near borderline, then apply "IF...SHOULD RULE"
    • Decide if the risk of the trade is acceptable
      • Sometime it is good to take profit if not anticipating the trend move
    • Use stops and limits to enforce a risk/reward ratio of 1:1 or Higher
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