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.
Table of Contents:
Acknowledgements vii Foreword ix
Introduction xiii
Part I: Your business of trading
Chapter 1: Trading is a business 3
Chapter 2: Trading psychology 7
Chapter 3: Technical analysis overview 13
Part II: Trading plan: the foundations
Chapter 4: Goals and objectives 31
Chapter 5: Trading structure 41
Chapter 6: Trading tools 55
Part III: Trading plan: methodology
Chapter 7: Trading style 67
Chapter 8: Trading instruments 75
Part IV: Trading plan: indicators
Chapter 9: Indicators 85
Chapter 10: Moving averages 93
Chapter 11: MACD histogram 101
Chapter 12: Average true range 107
Chapter 13: Volume 111
Part V: Trading plan: risk management
Chapter 14: Risk and money management 117
Chapter 15: Stop losses 127
Chapter 16: Market exposure guidelines 135
Part VI: Trading plan: system development
Chapter 17: The trading system 143
Chapter 18: The entry 147
Chapter 19: Trade management and the exit 155
Chapter 20: Trading routine 163
Part VII: Trading plan: analysis and backup
Chapter 21: Trading performance and analysis 177
Chapter 22: Contingency plans 189
Chapter 23: Personal rules 193
Part VIII: Review
Chapter 24: Real trading 199
Chapter 25: Conclusion 217
Appendix A: the trading plan 219
Appendix B: resources 227
Glossary 229
Index 241