5 simple questions

-P/L

…….digging deeper

Where is your

trading plan?

Not

Good

Enough!

Is it the ease of turning on

the computer and placing

a trade?

Is it because you can do it

from any place in the

world with WIFI…including

the beach?

Is it because the initial

cash outlay does not have

to be huge in order to start

making money?

Psychological?

1. What constitutes conditions for a trade?

2. How will you enter?

3. Where is your stop going to go?

4. What % of your account will you risk to see if this trade will be successful?

5. What price will you take action after the trade is entered? Will you exit? Scale out? Trail stop?

5 Questions

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