New Trader,Rich Trader 2: Good Trades, Bad Trades pdfdrive com

REFERENCE SOURCES
http://www.tischendorf.com
/quotes/
http://www.businessinsider.com
/the-tk-best-things-paul-tudor-jones-has-ever-
said-2011-8?op=1
https://www.facebook.com
/theeconomicrevolution/posts/200709843379330
http://www.vantharp.com
/tharp-concepts/position-sizing.asp

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Document Outline

• Foreword
• Introduction
• Part I: Managing the Mind to Stay in the Game
• Chapter 1 A good trade is taken with complete confidence and follows your trading method; a bad trade is taken on an opinion.
• Chapter 2 A good trade is taken with a disciplined entry and position size; a bad trade is taken to win back losses the market owes you.
• Chapter 3. A good trade is taken when your entry parameters line up; a bad trade is taken out of fear of missing a move.
• Chapter 4 A good trade is taken to be profitable in the context of your trading plan; a bad trade is taken out of greed to make a lot of money quickly.
• Chapter 5 A good trade is taken according to your trading plan; a bad trade is taken to inflate the ego.
• Chapter 6 A good trade is taken without regret or internaly conflict; a bad trade is taken when a trader is double-minded.
• Part II: Creating a Robust Methodology
• Chapter 7 A good trade is based on your trading plan; a bad trade is based on emotions and beliefs.
• Chapter 8. A good trade is based on your own personal edge; a bad trade is based on your opinion.
• Chapter 9 A good trade is made using your own timeframe; a bad trade changes timeframe due to a loss.
• Chapter 10 A good trade is made in reaction to current price reality; a bad trade is made based on personal judgment.
• Chapter 11 A good trade is made after identifying and trading with the trend; a bad trade fights the trend.
• Chapter 12 A good trade is made using the trading vehicles you are an expert in; a bad trade is when you trade unfamiliar markets.
• Part III: Managing Risk to Stay in the Game
• Chapter 13 A good trade risks only 1% of total trading capital; a bad trade does not have a set amount of risk.
• Chapter 14 A good trade risks $1 to make $3; a bad trade risks losing more than it plans on making in profits.
• Chapter 15 A good trade follows a trading plan even during draw downs in account equity; a bad trade is a big trade made to quickly get even after a string of losses.
• Chapter 16 A good trade has a limited downside but an unlimited upside; a bad trade has unlimited risk and a limited profit.
• Chapter 17 A good trade has an optimum position size for that trade setup; a bad trade is based on feelings, financial need, or confidence in a trade.