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Registered User
Joined: 10/26/2005
Posts: 238
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Does anyone other than me have or use a trading plan as in an organizational plan on there daily activity?I find it is a big help sinse in trading from home I have no boss to make sure I am covering all the bases. And it gives me more free time to spend with the family.
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Registered User
Joined: 11/1/2005
Posts: 240
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this is an interesting topic, I have a plan written up, don't follow it as I should.
Wyckoff's 5 step plan is as close as I get to useing a plan.
I like Kevin Haggerty"s first hr reversal and over bought or over sold.
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Registered User
Joined: 10/26/2005
Posts: 238
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Hi jimstacy, Well what I use to do in hours haphazardly, I now do in minutes and accurate. My trading day starts at 9am, by 9:30 im ready and I have good idea if the markets are ripe for long or short entrys. I dont look for individual stocks till 9:45 when I run my scans. The scans run and update all day till close. If there are no hits I'll try to catch a daytrade so I get some profit everyday. When he markets close I review my trades BUT I do not look at the markets or for new trades till the next morning. AB
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Registered User
Joined: 2/13/2005
Posts: 368
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My day trading plan: Put new money in 100% Treasury bill money market fund and then go play Tennis. I'm usually done by 0935.
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Registered User
Joined: 2/5/2006
Posts: 1,148
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i like the part about tennis.
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Registered User
Joined: 11/1/2005
Posts: 240
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Allenbary,
I took a class one time that taught not to look at the charts before the opening. I find that hard to follow.
I like to use set up points from Wyckoff, following the wave charts.
my broker has the option of running a scan, I haven't taken the time to learn how to set it up.
I watched the Merlin Rothfield webniar tonight. I will attempt some scanning it looks interesting.
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Registered User
Joined: 11/1/2005
Posts: 240
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I believe Merlin has had some training with Wyckoff or some one who worked with Wyckoff.
the set up, ace, I think it was, clearly a way of useing Wyckoff. I found his teaching simple to use
in free charts, I pay for the extra use. it takes a little pratice, its that simple with experience.
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Registered User
Joined: 11/1/2005
Posts: 240
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be sure to remember the word "experience"
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