Every trader needs a trading plan. These simple guides are the best way for you to trade based on the movement of the market and not on your emotions.
At MarketClub, we’ve created a simple trading plan template that you can download and start using right now.
Follow these 5 steps when filling our your trading plan template.
- STEP 1: Jot down your reasons for buying or selling a particular market.
- STEP 2: Record your entry points for the market you’re about to trade.
- STEP 3: Write down when you are going to exit this market. This can be with a stop or when a market reaches a predetermined target zone.
- STEP 4: Make these decisions when the market isn’t going wild.
- STEP 5: Review your game plan every day to see whether things are going according to what you expect. This allows you to adjust your money management stops and your target zones in a non-emotional way.
Download this free trading plan from MarketClub, print it, and stick with it!
Use your trading plan along with MarketClub to reduce emotion and listen only to the markets.
Try MarketClub today and put your plan to use right away.