Friday, 2 December 2011

The procedure for trading that I use

Following the reading the excellent book "super trader" the U.S. coach Van Tharp, I decided to set up a procedure for trading, that is saying a kind of daily routine in order to progress step by step effectively without me too disperçer, here are the steps:

1) I start my platform 7H.

2) I look at the calendar of statistics to get an idea of ​​the volatility to come on the day.

3) I write throughout the session my emotions and feelings about the market later to analyze my beliefs on the market and if it serve me or not.

4) I develop scenarios for the day will be scrupulously respect for the morning.

5) I put myself on the lookout for the realization of a scenario, when one of them is made then cancel the other day while waiting for the next day.

6) After 24:30, no more trade can not be started, it was not until the days when no scenario came true.

7) I notice my result in an Excel file to track the quality of my trades and especially if they are profitable.

8) It's finally for today, there to wait the next day to another day of trading.

No comments:

Post a Comment