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Purpose of Trading


If you have not set your new year resolution in Jan 2018, you might want to start this CNY.

I have started with my Sniper Club since beginning of Feb to draft their trade plan. I have also started with a fixed trading plan this CNY for 3 contracts (Nikkei 225, 6E & CL) to show them the "outcome" of having a simple trade plan. Beside having a trade plan, I think having a "purpose" is also important.

Example: It can be planning for your son/daughter's education fund.

I begin posting a standard trading plan based on one of the simple Fibonacci strategy on the 3 contracts mentioned earlier. Starting from Feb 19, 4th day of CNY.

Nikkei 225

Feb 19, 6E

Nothing on Feb 20. On Feb 21, I have both 6E & CL, nothing from Nikkei 225.

On Feb 22, we have 6E & Nikkei providing trade opportunities.

Feb 22, Nikkei 225

Feb 22, 6E

My snipers start work after their CNY celebration.

Catching this same trade at their own comfortable position sizing.

Snipers trades

On Feb 23 during Asia trading hour, 6E reached target. Nothing from Nikkei 225 & CL.

Feb 23, 6E

Outcome from the 5 trading days (still not close as of posting, CME has not presented anything at the moment) are obviously POSITIVE!

Outcome of the Fibonacci Trade Plan

It's time for you to start planning -- not just your trade plan, but also your Goals.

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