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Simple Trading Plan
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Simple Trading Plan

  #1 (permalink)
Elite Member
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Simple Trading Plan

Hello,

i found this in a book and nice to share:
For my style i use Example 2, because i need only 200 Ä / day.
So i have money for life and money for acc.
Here are three examples of having a plan.

Example 1
Trade 15 trades with one lot per trade, per week, for 10 pips, with an average profit of $10 per trade; 150 pips per week at $10 equals $1,500 per week. Letís add a vacation, as in the next example.

Example 2
Some would say this example is the goal of a part-time trader:
Trade 10 points a day.
The broker pays an average $10 a point (pip) = $100 per day.
Trade five days per week = $500 per week.
Trade 40 weeks a year (includes a three-month vacation).
Trade one lot per day = $20,000 per year.
Trade five lots per day = $100,000 per year.
Trade 10 lots per day = $200,000 per year.

Example 3

This example involves only one currency combination with focus and selective trading.
We will assume that the trader is trading only the $JPY (Japanese yen) on a standard
account, with the goal to obtain 100 pips per lot per week.
Pick one or develop your own plan. Start small with only two to four trades per
week and set a goal to develop into a 40-lot trader. The example that follows is based on
obtaining 100 pips per lot per week and the $JPY paying an average of $8.50 per pip.
100 pips with 1 lot ◊ $8.50 = $850 per week.
100 pips with 2 lots ◊ $8.50 = $1,700 per week.
100 pips with 3 lots ◊ $8.50 = $2,550 per week.
100 pips with 4 lots ◊ $8.50 = $3,400 per week.
100 pips with 5 lots ◊ $8.50 = $4,250 per week.
100 pips with 10 lots ◊ $8.50 = $8,500 per week.
100 pips with 15 lots ◊ $8.50 = $12,750 per week.
100 pips with 20 lots ◊ $8.50 = $17,000 per week.
100 pips with 30 lots ◊ $8.50 = $25,500 per week.

Best regards wh

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  #2 (permalink)
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Have build an xls sheet for simple trading plan for one acct.

In this case you have no real or better no fixed stopp. My sl is a trail on HH,LL,HL,LH.

Thats why you have a large drawdown. But i look for 13 pips per day (and 250 per month).

The third target makes the money for your lifestyle.


Can not upload odt files.

WH

Attached Files
Register to download File Type: xls trading plan v02.xls (10.5 KB, 171 views)

Last edited by wh; August 7th, 2009 at 11:16 AM.
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  #3 (permalink)
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now the hard part is making those pips....

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BigDog View Post
now the hard part is making those pips....

trend is your friend. i look in a 34 range chart for signals.

Attached Thumbnails
Simple Trading Plan-runintrend.png   Simple Trading Plan-runintrend-002.png  

Last edited by wh; August 7th, 2009 at 12:15 PM.
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  #5 (permalink)
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here you can get some infos for trend trading. this is quite simple, if you are not
greedy. so you will pick some pips.


https://futures.io/general-discussion/518-definition-trend.html#post3554

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I was teached not to make any planing of how much I want or have to make per day or month. I was teached, it doe's not work like that.

If you plan like that, you will block your mind when you fail. So to resolve the problem was to look at a wider time frame like 3 month or even one year.

Do you people agree ?

Regards

DanPickUp

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no you have to trade any way that works for you if you need to say hey i need 2000 dollars per day then trade to make 2000 dollars per day if you need to look at a long time frame then do that what ever works for you is how you should trade and what works for me might not be right for you,learn to break these crazy mindsets that what we are taught is correct thats bull,everyone teaches something different so does that make them all right or all wrong no what works for you is right...sharky

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sharky View Post
no you have to trade any way that works for you if you need to say hey i need 2000 dollars per day then trade to make 2000 dollars per day if you need to look at a long time frame then do that what ever works for you is how you should trade and what works for me might not be right for you,learn to break these crazy mindsets that what we are taught is correct thats bull,everyone teaches something different so does that make them all right or all wrong no what works for you is right...sharky

I couldn't agree more. I am such a spaz about it that I developed my own indicators, strategies, and bar charts.



RJay

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So, it looks like if you two have your own trading styles and thats what it is finally all about. Great for you !!

I am still in the learning curve like many other ones and I am getting slowly better.

Good trading

DanPickUp

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wh View Post
here you can get some infos for trend trading. this is quite simple, if you are not
greedy. so you will pick some pips.


https://futures.io/general-discussion/518-definition-trend.html#post3554

TREND IS A MYTH

Price can be up for the hour, down for the day, up for the week, down for the month, up for the quarter and down for the year. What is the trend?

TRADING IS SIMPLE, DO NOT BE FOOLED.

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