jixiang
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This article will show you how to plan your trading can guarantee your success.
Before writing a trading plan, we need to get the following data. Strategy Winning Rate: the percentage of profit trades in total trades with a strategy. you can get it from your past trading records. or you can set it as 50% as initial value, here we use a Strategy named NBS(Not Bad Strategy), it with a 61.54% Wining rate.
Next we need to find out a Stop-loss and Profit-limit percentage match your strategy, you can use this [Free Tool] to find it out, fill in the relevant data, try times of calculation you will get a reasonable combination of Stop-loss and Profit-limit, to ensure your money is growing. Saving some of the result graphs as your map to your goal, indeed the road to wealth has never changed, so you need a map to show you the direction. Remember to keep the worst results graph; it will help you continue to observe discipline in the face of adversity.
During the transactions, pay attention to the situation between the measured value and the account value, when the deviate values too larger, you need to recalculate and reset the Stop-loss and revenue targets in your trading plan in accordance with the previous goal.
Before writing a trading plan, we need to get the following data. Strategy Winning Rate: the percentage of profit trades in total trades with a strategy. you can get it from your past trading records. or you can set it as 50% as initial value, here we use a Strategy named NBS(Not Bad Strategy), it with a 61.54% Wining rate.
Next we need to find out a Stop-loss and Profit-limit percentage match your strategy, you can use this [Free Tool] to find it out, fill in the relevant data, try times of calculation you will get a reasonable combination of Stop-loss and Profit-limit, to ensure your money is growing. Saving some of the result graphs as your map to your goal, indeed the road to wealth has never changed, so you need a map to show you the direction. Remember to keep the worst results graph; it will help you continue to observe discipline in the face of adversity.
During the transactions, pay attention to the situation between the measured value and the account value, when the deviate values too larger, you need to recalculate and reset the Stop-loss and revenue targets in your trading plan in accordance with the previous goal.
