How to achieve trading goal as a beginner?

Hi

I have created the above template for friend who starting to learn to trade.

The above is based on 5% returns per trade, 3 or more successful trades per month to achieve this amount.. Can be contra trading or short term swing trade…

 It can be achieved… This table sets the stage for an individual to do his/her homework every day for 30mins, scan the market, pick any stock that can generate the amount required for the month. At the same time, It also caution trader not to lose too much capital so that he/she can catch up

Later in the next trade….

 

How to achieve the goal?

 
Equip yourself with a market scanner that picks up stock that about to trend or already trending. It can be long or short order, no of lots to buy base on position sizing tool from my website.

Perform risk management by estimating the cut loss level, profit level, entry level and exit level.

Stay confident with the trade unit it shows weakness and exit immediately.

Stay focus on the monthly goal… Do anything to get it done, no excuses…just do it

 

 

How I trade with a system of colors for any exchanges?

While you are chasing the price, the Smart Money is waiting to transfer their inventory to uninformed traders

 

How my blue diamond scanner fared over the years?

 





How I make use of free trading website with virtual money of 1 Million dollar to test my proprietary scanners to

pick stocks for further analysis and fine-tune personal trading system?

 

 

 

 

Extremely High Volume on the upper channel with positive day closed is it a good sign?

 

 

Looking at the extremely high volume bar and positive day closed, did it give you the confident to trade to the long side on the next day? Did the price go up the next day? if not, what had happened?

 

Shouldn't the price go up after such an exciting trading day?

 

If the price was not heading higher then what had happened? -

 

Could it be the start of a distribution so that the price can become cheaper again for the professionals to take advantage of?

 

what is the current critical support level that needed to watch closely?

 

What will happen if price break down this support level?

 

When trading, many questions run through my mind before I decided to make a trade. If there is doubt, always stand sideway to watch how the price trend will evolve before rushing in to take a stand.

 

Never rush into the Market, the Market will always be there even I am gone.

 

Happy Profitable Trading!

 

A Trading System that TELL THE TRUTH with propietary indicators and scanners

A system that provides descriptive events as the market unfold each day. This is the Trading Edge.

A time tested system that does not use complicated formulas to study the underlying demands and supply, no demand and no supply.

Seek to reveal what the Professional Activities in the market to a certain degree of accuracy.

But there is no sure thing in the market.

Always protect yourself with a risk management tool such as position sizing and chart analysis to seek out best probability of success vs profitability.

"Trading is a Team Sport"

Happy Profitable Trading 2013!

Online Simple Trade Management that I use in my Trading Plan

The following diagram illustrates how to use Position Sizer Calculator and Profit & loss Calculator
to make up a trading plan.

1) Enter the following information in the Dynamic Position Sizer Calculator

a) Max Cost: ; capital outlay for this trade
b) Risk: ; dollar amount of risk to take
c) Buy/Sell Price: ; Entry or Short Sell Price
d) Stop Price: ; Sell or Cover Short Price
e) Position Type: ; is it a Long or Short order
f) Shares to Buy/Sell: ; this will automatically determine the quantity to buy/sell

2) Enter the following information into the Profit & Loss Calculator

a) No. of shares ; taken from the auto-compute Position Sizer
b) Buy Price ; Entry Price
c) Cut Price ; Stop Price
d) Target Price: ; Near term resistance level

3) Once this is done, you will know the following

A) Risk to Reward Ratio ; whether a trade should be taken or walked away
B) Break Even Level ; when the trade will become profitable.
C) Potential Profit & Loss Amount