Business Plan for Trading
Do you treat trading as a new business venture?
Think of it as if you are a chief trader of this trading company, as with any other job, you should have a job description (trading plan). You should know exactly what your daily duties are as a chief trader. You should have rules and guidelines for your business so you know how to handle any situation that comes your way during the trading day.
All businesses are expected to turn profit, and your trading company is no different.
Have you ever ask yourself, what can I do today to be the best trader of my trading company? Do I follow the rules and guidelines (trading plan) laid out by my company? What happens if I don’t do a good job today? Do I have solutions in place to ensure such things won’t happen again?
The traders (your competitors) are doing everything possible to give them the EDGE in their trading business. What about you?
** Examples illustrated in this page are intra-day trading using the same data on the same day with 2 different indicators.
** TYSA with TY-Map (Signals at TY-Map)
Most traders dedicated a significant amount of time mastering new strategies & new techniques, only a handful spend equal amount of time to learn proper Money Management.
The use of effective Money Management is crucial for taking one’s trading career to a whole new level and becoming a better trader.
** Examples illustrated in this page are intra-day trading using the same data on the same day with 2 different indicators.
Trading is NOT about learning as many methods or systems as possible and then combining them and make it a trading strategy. Trading is simply about learning an effective trading strategy and master it. When you start to master this one strategy, you will know when it present itself and you will act without hesitation.
** Examples illustrated in this page are intra-day trading using the same data on the same day with 2 different indicators.
Be the best trader when you come to this business and make every effort to take the best possible trades.
If you do your job, follow your rules, and take the best possible trades, the money will be there and you will feel less stress when trading.
