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26.01.2020

AAKASHAYA PATRA SEVEN STAR SMART EDUCATION SERIES PART – 33

The Five Steps to Consistent Profits


1.Working on Yourself
2.Developing a Business Plan
3.Develop a Trading System That Fits Each Market Type You Plan to Trade
4. Understanding the Importance of Position Sizing
5. More Ideas for Producing Optimal

Developing a Working Business Plan(SWOT analysis)
a good business plan includes a thorough examination of the person who is doing the trading: beliefs, issues, strengths,weaknesses,Opportunities,Threads. Everything you can think of about yourself
Your assessment of the big picture and how you’ll keep up with it.

Guide to Success in the Markets
•       Have a Plan for Your Trading/Investing
•       Having a Mission Statement behind Your Trading
•       Is Critical to Your Success as a Trader
•       What Are Your Goals and Objectives?
•       Market Beliefs
•       Understanding the Big Picture
•       What Are Your Tactical Trading Strategies?
•       How Will You Achieve Your Objectives through Position Sizing?
•       Dealing with Your Challenges
•       What Are Your Daily Procedures?
•       What Is Your Education Plan?
•       Worst-Case Contingency Planning
•       Mentally Rehearse Your Disaster Plan
Systems Other Than Trading Systems

Develop a Trading System That Fits Each Market Type You Plan to Trade
•       Designing a Trading System That Fits You
•       Trading Concepts
•       Setups Are as Important as You Think
•       Entering the Market
•       The Source of the Myth of Stock Selection
•       Exits Are the Key to Making Money
•       Exiting a Trade beyond the Initial Stop loss
•       Start Thinking in Terms of Reward and Risk
•       One of Your Most Important Tasks: Keep Up with the R-Multiples of Your Trades
•       Common Elements of Success
•       The “It Didn’t Work” Mentality
•       Trading Reality Check
•       What It Takes To Have Confidence

Six Keys to a Great Trading System:

Reliability
The relative size of your profits compared with your losses
The cost of your trading
Trading opportunity
The size of your trading capital
Position sizing


FOR MORE SUCH TYPE OF EDUCATION JOINT OUR ONLINE SERIES AND BATCHES AND BE A PRO TRADER CONTACT ON 7028 421 786.

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