Strategy: Every week I will look for trades to invest in and scale my trades to get the maximum leverage.I will trade approximately $15 per pip with the goal of 50 pips per week, per trade. With a maximum of 5 trades at one time. Which will net approximately $60K in 5 months or $120K per year.
Tactic:
- I will trade the daily chart and look for TWP setups.
- I will check contrarian indicator ssi on daily fx for confirmation.
- I will also trade price action and look for trend and reversal set ups.
- I will always trade with the trend.
- I will always use a stop loss.
- I will use my money management plan to not over extend myself.
- I will use a combination of TWP newsletters, LTT recommendations, and Daily FX for suggestions.
- I will use a trade checklist to ensure optimal entry and exit.
- I will log every trade in my trade journal and review my wins and losses to improve my skill to a mastery level.
Process:
- Every Sunday and Monday I will gather suggestions and research potential trades.
- I will make my trades when it meets all my criteria.
- I will log my trades as they are made.
- I will review my wins and losses every week on Sunday and write down my lessons in my trade journal.
No comments:
Post a Comment