October 2012
Beginner
240 pages
5h 7m
English
Content preview from Financial Times Guide to Technical Analysis, The
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16
How to write a good trading plan
What topics are covered in this chapter?
This chapter discusses:
- components of a good trading plan
- writing out the trading plan
- following the trading plan with discipline.
What are the objectives?
A trading plan is necessary because it is a map of successful trading strategies. Trading plans contain the trading rules that put the probability of winning in the long run in the trader’s favour. To have a trading plan is to have a disciplined entry and exit without emotional constraints.
Trading is fun and exciting, but it does not fulfil the emotional or psychological need for winning, as in other games. Trading is a probability game, there is a 50% chance of winning and a 50% chance of losing. This is ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.