Developing Your Trading Plan

Successful traders do several things that amateurs often forget. They plan a trading strategy, they follow the markets, and they track, and analyze each of their trades. The first step is building a strategic trading plan. This is often overlooked by novice traders. A trading plan does not only incorporate your strategies and how you will decide to make a trade, it will incorporate risk management as well as defined entry and exit plans.

You may have heard the adage, "if you fail to plan, you plan to fail." This is particularly true in online trading as well as investing. Successful traders start with a sound plan and they stick to it at all times. This will help take the emotion out of your trading.

In this class I will help guide you along your way to build your own plan, including
Choose the assets that are right for you

• Trading goals
• Your trading strategy
• Deciding how long you will stay in a position
• Set your targets
• Set your risk tolerance
• How to set up your trading log
• How to evaluate your performance

Be aware trading carries risk and not all strategies or rules work the same every time or have the same results for each trader. You should always understand your risks

Alan Greenwald
Alan holds an MBA in Economics from the University of Pennsylvania. has been trading the Commodities and Futures market for over 15 years. Over the years, he’s established a trading strategy that is designed to steadily provide profits. Traders from across the globe are familiar with his expert mentoring and the achievement level of those learners has been extremely great. Mr. Greenwald is able to help newbies or more experienced traders looking to for an expert’s input in their trading strategy.