Trade Identification Process
1.Set aside a specified time every day to undertake your market analysis, trade identification.
2.Update the blog every day [http://perfectniftytrader.blogspot.in/]
3.Update Market Observation section for the identified Trade.[http://perfectdailynote.blogspot.in/]
4.Undertake this role in a dedicated space that is quiet and comfortable, and where you are able to focus 100% on the task at hand.
Trade Execution Process
1. Selecting a trade to executed from Market Observation Sections
2.Making a entry in Trading Posting Cards
3.Execute the trade
Trade Management Process
1.Monitoring and managing open positions, and recording these details.
2.Closing the trade on Profit Target
Risk Management Process
1.Monitoring Open position so that risk plan is being followed
Mindset processes
Repeating aloud, every time a trade is executed, carefully crafted auto-suggestion sentences such as Mark Douglas’s Five Fundamental Truths and / or Seven Principles of Consistency and / or any other trading affirmations that you may have constructed.
Managing the trading process will enable you to remain emotionally detached from the outcome of individual trades and will allow you to focus on managing the performance of your trading system or systems according to the predefined rules of your trading plan
Managing the trading process will enable you to remain emotionally detached from the outcome of individual trades and will allow you to focus on managing the performance of your trading system or systems according to the predefined rules of your trading plan
Daily Journalizing
Keep details of all trades in a spreadsheet, so that you know all the details of your closed trades.
Weekly ,Monthly and Yearly Journalizing
Keep details of all trades in a spreadsheet, so that you know all the details of your closed trades.
Keep details of all trades in a spreadsheet, so that you know all the details of your closed trades.
1.Keep details of all trades in a spreadsheet, so that you know all the details of your open positions and pending orders.
2.Filling the Trading Posting Card before every trade
3.Personal Journal ~ writing your thoughts before, during and after trading
End of Sample Size
1.Postmortem of each trade in the Sample Size of 30 trades
2.What I did right or wrong
3.Updating the plan on the basis of learning
4.Improvement area of future sample Size
2.Filling the Trading Posting Card before every trade
3.Personal Journal ~ writing your thoughts before, during and after trading
End of Sample Size
1.Postmortem of each trade in the Sample Size of 30 trades
2.What I did right or wrong
3.Updating the plan on the basis of learning
4.Improvement area of future sample Size
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