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I will say that you need to decide what style of trading you feel
comfortable with: day trading, position trading, long term investing,
short term, long or short, etc.
Then establish your rules. Be ridged in your rules but not so rigid that
you can't learn new things form your mistakes. This is more of a set of
master plans. Yes I mean plans (plural). You might be faced with a
changing situations, so how do handle them.
As far as a trading plan you need to put together what you feel is going
to happen the next day in relationship to the indicators/news/market
that you are using in your trading system. Just remember your indicators
can fail at times.
Yes, you can change your trading plan and master strategies. In fact you
want them to evolve as you gain experience. But you should only change a
strategy or plan after you have control of the situation. If you are not
in control you need to stick to your plan.
Although this doesn't cover everything, but it gives you a few idea to
work with.
Harley
Paul Cote wrote:
> I would like feedback from people about what a trading plan is,
>
> is it a master plan?
>
> is it a plan for each trade?
>
> when can you change it?
>
> can you change it during a trade?
>
> Paul Cote
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