Smart trading plans : a step-by-step guide to developing a business plan for trading the markets
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 systemDeveloping a trading routineSelecting the right trading toolsEntries, exits and trade manag
1 online resource (xvii, 244 pages) : illustrations
9781742169187, 9781742169170, 9781280673146, 9786613650078, 174216918X, 1742169171, 1280673141, 6613650072
769189282
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 analysisSignificant 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 styleDifferent 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 lossesChapter 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 developmentChapter 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
English