Smart Trading Plans
A Step-by-step guide to developing a business plan for trading the markets
1st Edition
Published on 19. September 2011
400 pages
978-1-74216-918-7 (ISBN)
Description
Trading is a business and, and as with any business, those businesses who survive and thrive have a business plan in place. Smart Trading Plans guides readers through defining and documenting a trading plan which applies to their individual trading business. Smart Action Steps and example plan elements are included to guide readers through and illustrate the process of developing a plan.
Smart Trading Plans guides readers through the following:
- Creating a trading system
- Developing a trading routine
- Selecting the right trading tools
- Entries, exits and trade management
- Understanding risk and money management
- Developing a profitable mindset
- Strategies for trading
Complete with useful trading tips and bonus planning templates (available at www.smarttrading.com.au), Smart Trading Plans is essential reading for all savvy traders.
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Justine Pollard
Smart Trading Plans
A Step-by-step guide to developing a business plan for trading the markets
Book
01/2010
1st Edition
Wiley
€39.50
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Content
- Smart Trading Plans: A step-by-step guide to developing a business plan for trading markets
- Contents
- Acknowledgements
- Foreword
- Introduction
- Who am I?
- Who is this book for?
- About this book
- Part I: Your business of trading
- Chapter 1: Trading is a business
- Develop a SMART trading plan
- How much capital do you need to get started?
- Chapter 2: Trading psychology
- My trading journey
- Be disciplined and consistent
- The reality of trading
- Trading is psychological
- Chapter 3: Technical analysis overview
- Fundamental versus technical analysis
- Charts
- Time periods
- Types of charts
- How to use technical analysis
- Significant reference points
- Trend identification
- Why technical analysis?
- Part II: Trading plan: the foundations
- Chapter 4: Goals and objectives
- Why am I trading?
- Goals
- Trading edge
- Trading returns and objectives
- Chapter 5: Trading structure
- Business structures
- Seeking professional advice
- Overview of the different structures
- Summary
- Chapter 6: Trading tools
- Computers
- Software
- Data providers
- Mobile phones and pocket watches
- Sources of information
- Brokers
- Trading library and education
- Part III: Trading plan: methodology
- Chapter 7: Trading style
- Different trading styles
- Determining your trading style
- So which style to choose?
- Chapter 8: Trading instruments
- Shares
- Contracts for difference ( CFDs)
- Options
- Warrants
- Which market?
- Part IV: Trading plan: indicators
- Chapter 9: Indicators
- Fundamental indicators
- Technical indicators
- Which indicator?
- Chapter 10: Moving averages
- Types of moving averages
- Moving average timeframes
- How to use moving averages
- Chapter 11: MACD histogram
- MACD
- MACD histogram
- Chapter 12: Average true range
- How the ATR is calculated
- ATR and volatility
- Applying the ATR
- ATR and stop losses
- Chapter 13 Volume
- Liquidity
- Volume and trends
- Volume and breakouts
- Part V: Trading plan: risk management
- Chapter 14: Risk and money management
- How to manage your risk in the market
- Total capital
- Position sizing
- Maximum position size
- Portfolio heat
- Conclusion
- Chapter 15: Stop losses
- What are stop losses?
- Different types of stops
- Other types of stops to consider
- Setting stop losses
- Why are stops so important?
- Stop losses are the key to your success
- Chapter 16: Market exposure guidelines
- Series of losses
- Time-out strategy
- Market trends
- Summary
- Part VI: Trading plan: system development
- Chapter 17: The trading system
- The objective
- Market selection
- Market direction
- Chapter 18: The entry
- Ideal set-up criteria
- Triggers for entry
- Placing the order
- Chapter 19: Trade management and the exit
- Setting your stop losses
- Exit criteria
- Exiting the trade
- Pyramiding
- Trade management strategy
- Chapter 20: Trading routine
- Reviewing the market activity
- Searching for trades
- Managing trades
- Business management
- Improving your trading skills
- Developing your routine
- Part VII: Trading plan: analysis and backup
- Chapter 21: Trading performance and analyss
- After the trade
- Total performance evaluation
- Cost of trading
- Keep good records
- Chapter 22: Contingency plans
- Back up everything
- Internet connections
- Power outages
- Handling a market crash
- Chapter 23: Personal rules
- Part VIII: Review
- Chapter 24: Real trading
- My trading systems
- CMC Markets Trading Competition
- Chapter 25: Conclusion
- Appendix A: the trading plan
- Appendix B: resources
- Websites
- Reading material
- Glossary
- Index
