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A Simple Plan To Dramatically Improve Your Trading - Nial Fuller (Basic…
A Simple Plan To Dramatically Improve Your Trading - Nial Fuller
Why Plan is important
Planning make everything simpler and easier to accomplish
A simple plan can put even a complex or lofty goal within reach
Fail to Plan = Plan to Fail
Remain discipline to the Plan is the key to success
Basic Step
Step 1 - Trade Only Major Market
EURUSD
GBPUSD
AUDUSD
NZDUSD
USDCAD
USDJPY
EURJPY
GBPJPY
AUDJPY
Step 2 - Clean up your chart and only trade daily chart
Open DAILY chart according to major market in step 1
Trade at daily chart timeframe
If you start looking at 1 hour or 4 hour chart than u break the plan
Step 3 - Pick One Setup To Trade
Choose one price action signal
Understanding to narrow my focus
Learning to become a aster of one setup at a time
Step 4 - Money Management Plan
Risk Reward 1 : 2
Place stop loss properly
Adjust position size according to stop loss and target profit
Step 5 - Track your progress in a trading journal
Record everything in a trading journal
Keep trading journal keep you discipline
Forcing yourself to keep trading journal to be more aware and conscious of your behavior in the marker
Adopt a trading mindset to succed
Trading journal is a tools to reinforce positive trading habit
Forcing yourself to manually record your trades, think about the and analyze them
Step 6 - Follow The Plan
Commit to follow the plan
Keep for 2 months and evaluate
The point is go into the track slowly but surely becoming a profitable trader
Step 7 - Challenge yourself
Challenge yourself to consistence follow the plan
In trading, Discipline and Focus is the bigger things to do than others
In trading your hard-earned money is on the line each day