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BONUS 1 – Daily Break from Consolidation Trading Plan
A
trading plan acts as a guide to how you are going to interact with the
markets. In this bonus, an example of how a trading plan can be written
is provided. It gives a working example of a trading plan as was
discussed on page 121 in Section 9.3 “Your Trading Plan” of Dating the Stock Market.
From the information presented in this trading plan, a trader should be
able to devise a way to enter the market which will give them an edge
and write their own plan around this edge. Bonus #1 - get your trading plan here.
BONUS 2 – 12+ Reasons Why Backtesting Cannot Work and Why You Need to do it
Backtesting
is used to quantify how good your edge is. Backtesting reviews
historical data and uses the written software code to buy and sell
stocks according to your trading plan. It is a quick way to
differentiate between a good and a poor system. Once you understand that
your edge is valid, you can start to trade it with a small amount of
capital. As you go forward, you can compare your results to how the
computer would play the same set up and see how well you are handling
live trading. This presentation outlines many of the issues with
backtesting yet still recommends doing it. Find out why backtesting does not work and yet you still need to do it.
BONUS 3 – Benefits and Disadvantages of Weekly Trading Strategies
Whether
you work full time during the trading day, find yourself too busy
during the day or don’t have the patience to watch the computer screen
you may find trading using weekly charts just what you are looking for.
Weekly charts provide a way to trade on a longer-term timescale and
still carry on your day-to-day business. When I trade using weekly
charts, I typically do the analysis on the weekend and enter my trades
using bracket orders on Monday morning. Monitoring and adjusting my
trades typically take between 0 to 30 minutes per day. How can weekly trading strategies help you?
In the published book, the first Table (Table 1.1) was uploaded incorrectly. The table has been reproduced below.
Essential Tips For This free weekly stock trading course, is designed for beginning stock traders. Save hours of time by getting on the right path before risking your hard earned money. As an added bonus, when you sign up today, to receive this weekly email course, you will receive my short ebook (a $20 value) |
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Monte Carlo Simulator
for Traders
Having troubles sticking with your trading system?
Do you move from system to system looking for the one system that will bring you riches?
Perhaps you already have it and tossed it aside when it went into a down period.
Using this Excel based program will show you what you can expect out of your trading system once you know the % wins and profit factor.
Stop wasting your time searching for the perfect system (which does not exist) and start trading.
$20.00