Sunday, May 4, 2008

4/5 Trading Plan





Trading Plan:

1. Psychology: Don't exhaust yourself. Stay confident in what you believe.

2. Money Management

-If below 20%, exit positions and out for 3 months.

-5% rule for Options >$100, 2.5% rule for Options <$100.

-2 weeks into expiration, don't trade more than 2 contracts.

-No short sell until you full time trader.

3. Any New strategies, paper trade on at least 20 stocks for 1 month first. The stock market will always be there.