"PLAN EVERY TRADE AND TRADE EVERY PLAN"
Step 04: Strategy Investigation
Go back to the point at which you made the mistake and ask yourself what are your options were at that time. The mentally go trough those possibilities working them trough to their possible outcomes. When you discovered two or three scenarios with positive outcomes, remember then for the next time you are faced with a similar market condition.
This review process should be written down, for it is very easy to forget or distort what actually went at that time
Make your own strategy and give a time to structure it. Making a research about stock market strategy then make your own style to beat the market. Each of us have its own strategy to beat the market and maximize profit on it.
A sample template can be downloaded for free and you can customized it.
The template is build to promote stock traders/investors to have their own plan and not simply following hypes in the social media.
We are the masters of our trades.
" I will find a system that fits me and I will become the best trader at this one style"
FREE TEMPLATE
DOWNLOAD HERE:Spreadsheet 02: Strategy Plan
To download Spreadsheet 01: Equity Plan
Click here
Note: This is just a sample template using Microsoft Excel sheet.
Red Font can be edited based from your strategy.
The second part of the review process critiques the plan and rules themselves. It is good idea to do this when you are not reflecting on previous transaction or campaign because it is unreasonable to critique your performance and the plan at the same time.
If you feel, with good reason, that the plan and or your objective need to be changed, go ahead.
Perhaps market conditions or your financial position have changed; perhaps you discover that your tolerance for risk taking is greater or less than you had originally envisaged. Alternatively, you may have just been exposed to new kind of investment or trading philosophy that have you researched and fell comfortable with.
There are many reasons why you might want to change the plan. Be warned against flippant and thoughtless changes, because they will do more harm than good.
Treat your plan rather like the constitution. It is a solid document, which can be amended only through an arduous process times and condition change.
To see more blogs using MS excel sheet tools
See this LINK
Spreadsheet 03 coming soon.....
Step 04: Strategy Investigation
Go back to the point at which you made the mistake and ask yourself what are your options were at that time. The mentally go trough those possibilities working them trough to their possible outcomes. When you discovered two or three scenarios with positive outcomes, remember then for the next time you are faced with a similar market condition.
This review process should be written down, for it is very easy to forget or distort what actually went at that time
Make your own strategy and give a time to structure it. Making a research about stock market strategy then make your own style to beat the market. Each of us have its own strategy to beat the market and maximize profit on it.
A sample template can be downloaded for free and you can customized it.
The template is build to promote stock traders/investors to have their own plan and not simply following hypes in the social media.
We are the masters of our trades.
" I will find a system that fits me and I will become the best trader at this one style"
FREE TEMPLATE
DOWNLOAD HERE:Spreadsheet 02: Strategy Plan
To download Spreadsheet 01: Equity Plan
Click here
Note: This is just a sample template using Microsoft Excel sheet.
Red Font can be edited based from your strategy.
The second part of the review process critiques the plan and rules themselves. It is good idea to do this when you are not reflecting on previous transaction or campaign because it is unreasonable to critique your performance and the plan at the same time.
If you feel, with good reason, that the plan and or your objective need to be changed, go ahead.
Perhaps market conditions or your financial position have changed; perhaps you discover that your tolerance for risk taking is greater or less than you had originally envisaged. Alternatively, you may have just been exposed to new kind of investment or trading philosophy that have you researched and fell comfortable with.
There are many reasons why you might want to change the plan. Be warned against flippant and thoughtless changes, because they will do more harm than good.
Treat your plan rather like the constitution. It is a solid document, which can be amended only through an arduous process times and condition change.
To see more blogs using MS excel sheet tools
See this LINK
Spreadsheet 03 coming soon.....
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ReplyDeleteNice post. These kinds of post help beginners to develop their skills. There are many classes are available for the investment of beginners like Stock Market Courses in Delhi which helps to develop our skills and knowledge for the bright future.
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