Yan Andell Trading Plan - Investing.com

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Yan Andell

Joined: 20/12/23

Trading Plan

Goals/Routine/Lessons

What motivates you to be a trader?

What motivates me to be a trader is the passion for market analysis, the pursuit of intellectual challenges, and the opportunity to make strategic decisions based on data and economic trends. The possibility of achieving financial independence and the flexibility to create my own work schedule are also significant motivating factors. Every day in the market is a new learning experience, and that keeps me engaged and constantly evolving both professionally and personally.

What have you determined to be your goal(s) for trading?

My goal in trading is to achieve consistent returns, maintaining strict risk management and adapting strategies according to market conditions and analysis.

How much time each day you dedicate to trading?

On average, I dedicate 6-9 hours daily to trading, including analysis, execution, and study, prioritizing efficiency to be prepared and reactive to market changes while maintaining a work-life balance.

Which kind of returns do you expect to make?

Realistic percentage returns. I typically aim for a monthly return that balances profitability with risk management. Depending on the market and my strategy, this can vary. On average, a monthly return of 5% to 15%.

What is your trading methodology?

My trading style in the Forex market is a hybrid approach that integrates both technical and fundamental analysis. I use technical indicators to identify market patterns and entry and exit points, but also rely on price action to capture subtle nuances and real-time price dynamics. Additionally, I incorporate fundamental analysis to understand macroeconomic and geopolitical factors that may influence currencies. This combination of methods allows me to have a holistic and well-rounded view of the market, adapting my strategies according to market conditions and economic news. My goal is to identify trading opportunities based on rigorous and balanced analysis, aiming to maximize gains while minimizing risks.

What is your daily pre-market (before trading) routine?

As an experienced trader who integrates technical, fundamental, and price action analysis into Forex operations, my pre-market routine is meticulously structured to maximize the efficiency and effectiveness of my trades. Here's my daily routine before the market opens: 1) Global News Review: I start the day by analyzing the latest global economic and political news. This includes checking economic reports, central bank decisions, geopolitical events, and market updates from other regions that have already started trading. 2) Economic Calendar Analysis: I consult the economic calendar to identify any important events scheduled for the day, such as GDP reports, unemployment rates, monetary policy statements, among others. 3) Market Review: I analyze market movements overnight, observing any patterns or significant changes in the currency pairs I trade. 4) Technical Analysis: Based on my price action strategy and technical indicators, I assess charts to identify potential entry and exit points. 5) Trade Planning: Based on my analysis, I plan my trades. I define the currency pairs I will focus on, establish stop-loss and take-profit limits, and decide on position sizes. 6) Psychological Preparation: I dedicate time to focus, reaffirm my trading strategy, and mentally prepare for the trading day. 7) Trading Environment Setup: I ensure that my workspace is organized, quiet, and conducive to concentration. 8) Constant Monitoring: Although many of my trades are automated, I remain vigilant and ready to adjust my strategies as needed based on market changes or emerging news. This pre-market routine helps me enter the Forex market informed and prepared.

What is the best thing about trading?

The best aspect of trading is the ability to capitalize on market analysis and make informed decisions that can generate significant financial returns. The flexibility and autonomy to trade independently, the intellectual satisfaction of navigating dynamic markets, and the opportunity for continuous growth as a professional are unparalleled. Additionally, the experience gained over time helps develop crucial skills such as discipline, patience, and quick adaptation to changes, which are valuable in many aspects of life. I like the phrase: "In the Forex market, the only constant is change, and being prepared for it is the key to success."

What is the most important lesson that you have learned in your trading?

The most important lesson I've learned in my operations is the crucial importance of risk management. In trading, it's fundamental to have solid strategies to limit losses, such as setting stop-loss orders and understanding leverage. Learning to accept losses as part of the process and not letting emotions guide trading decisions is vital. This disciplined approach helps preserve capital and maintain long-term profitability, regardless of market fluctuations. Risk management is the key to sustainability and success in the world of trading.