Below is a quick run down of things to think about when creating your own trading strategy
1. How much time during the day do you have to devote to trading? ..................................................................................
2. How much money do you need to live on each year and how much of that must come out of trading profits? ......................................................................................................................................
3. How many distractions can you expect during the day/night? .....................................................................
4. Specify the markets and times of the day you will trade? .........................................................................
5. Do I want to trade multiple systems? ...............................................
6. Will you short sell? Or go long? ........................................
7.Where will you place your Entry/Stop Loss and Target Line? ...........................................................................
Follow your Trading plan, Remain disciplined and keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!