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technicals psychology
fundamentals and put together
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to talk about trading plan
essentials and talk about the
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down to actually putting these
things together right risk
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trades however we want whenever
we want because at the end of
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dive right into the first video
in the course where we're going
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trade. Now, we have to treat
trading and technicals like a
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personalize them, right? You
probably do want to personalize
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your own personal trading plan
using what you've learned here
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you going to use per trade and
then what limits and guidelines
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really going to shine through
in this plan, okay? We're going
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different important factors
that we have to bring into
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four right so depending on your
risk tolerance what risk are
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taught you these processes but
people are going to want to
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people would prefer to push
that all the way up to around
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look at your personal tolerance
to risk. Now, everyone's risk
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everything together to talk
about rules limits guidelines
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trading plan as these are the
things that we are be
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down to the actual trading
plan, the main factors are
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business. We can't just go in
here. However, we want taking
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say. So without further ado,
I'll see you over in the next
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motivations because really
manifesting these motivations
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as a guideline. Technical
analysis processes is what is
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for an extra you know a little
bit of money each week for
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consistent financial freedom?
Are you here just for a new
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with your own personal approach
so without further ado let us
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follow strictly when finding
your trade executions and then
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every single trading plan or
our individual plant should I
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car? Do you want to buy a new
car? Or are you just looking
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about all these things we will
tie it together we'll bring
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So talking through the
technical trading processes is
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the trading plan is going to be
running through your trading
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technical processes and actual
trade management and we'll come
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going to be essential for our
trading plan. All the different
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what we're doing here is
covering everything that is
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minimize losses in the long
term
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hobby, a little bit of fun on
the side? Are you aiming to
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then set those targets, set
those guidelines, okay? These
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you know, not agree with some
of the ways that I trade things
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in a week before you close off
your trading, right? How much
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the individual person which is
really why we're doing this
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to keep pushing through the
hard times. Now, when it comes
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income alongside your job or
your business or whatever it is
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right? The processes you're
going to take on every single
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everyone is what I'm saying is
going to be personal so what's
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you run. Are you here for
financial freedom? Long term
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you realistically make in a
week, a month or a year? Uh and
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Targets and guidelines are also
very important. How much can
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potentially time frames you
know things like this so
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actually trade execution and
management rules as well,
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to talk about criteria for
entering trades. Rules to
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it. You probably want to add
your own flare or you might,
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are you going to put in place
to actually cut risk and
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consistently striving for when
trading. Now, the big thing in
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diving into new methods, just
focus on what works for you and
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can you lose in a month before
you close off your trading? So
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guidelines are also going to
include how much can you lose
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processes. Now, fundamentals
can be included here but only
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Are you here for a long-term
success? Are you here as a
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Keep you on the right path,
right? Focusing on what works
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your personal tolerance to risk
and then around that what risk
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taking on smaller amounts of
risk, okay? It all depends on
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percent are you going to choose
for every trade personally I
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aspects that we have to
include. Uh we're also talking
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going to be a big part of the
trading plan. When we spoke
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the day that is not going to
lead to long term consistency.
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for you. There is no need to go
diving into new strategies, to
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tolerance is going to be
different. Some people are
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about why these aspects are so
important and why we actually
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going to be, first of all, risk
tolerance, right? We want to
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going to go through a few
different videos. First of all
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what we've spoken about so many
times throughout the course.
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chapter. Everything is going to
be different for everyone. I've
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we're going to look at trading
plan essentials and basically
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processes, our risk management
processes and every other
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happy taking on a lot of risk
while others are happy only
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business and you want to trade
as a professional, not as a
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is what's going to bring you
success and bring you the drive
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need a consistent plan that you
can follow and continually
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give you something to
consistently refer to if you
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have to cover them in a set in
stone plan. Gonna talk about
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think of giving that a go. Now,
this trading plan is going to
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make this a full-time career,
right? Become a full-time
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processes and your actual
consistent processes. Which is
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strategy, right? It's easy to
get caught up in new
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devised and ready to view
whenever we need to view it.
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another reason why we need that
plan. When we have full reign
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trader or are you looking for a
part-time secondary source of
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outlining your motivations.
Think about why you're trading.
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Trading is a process right?
Trading is not one win here.
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ingraining with the trading
plan. So in this chapter we are
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gambler playing this for a
hobby, then you're going to
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stick to it. So that's what
we're going to be really
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methodology or if you spot
something online, you might
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targets and guidelines are
going to be a big part of the
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over our actions, it's easy to
stray away from our successful
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use two bat I know some people
would prefer to use 1% some
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ever find your mind slipping
away from your general
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One big win. It is a consistent
process that you need to follow
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into it and consistently
following that one single
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Writing down your plan and
getting that ready is going to
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fundamental idea and then also
in depth your technical
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refer to. If we want to remain
in tune with our technical
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plan as a constant reminder to
always give it your all. So we
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things like manifestations,
reasons why you're trading, all
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process. So that process is
what we're going to be marking
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things like this, can be
beneficial to include in your
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out in this trading plan. Okay?
If you want to trade as a
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entries. Trading plans can also
include factors relating to
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dinner dates? Things like this.
Right? So outline your
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need a plan that we can
consistently follow and that's
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psychology if you think that's
going to help you. Including
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goals and our limits. If we
want to trade as a business we
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processes and your actual
criteria for making trade
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consistent up-to-date thing
where we keep up to date with
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trading plan is going to
outline overall your
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over and over again. Managing
your risk and putting your all
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aspect of trading for long-term
success, we need everything
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need a trading plan in order to
remain disciplined with our
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together to bring all the
information into one place,
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can actually go ahead and smash
the markets with what you've
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tolerance, your risk management
and your management rules. Your
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included in the trading plan.
With a major emphasis on the
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learned in the course. So, what
is a trading plan? A trading
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processes. The trading plan is
going to outline your risk
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them in terms of news and
checking calendars. So your
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form your very own work plan,
your trading plan, and then you
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plan is a document of your
trading goals, limits and
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essentially going to be an
action plan that we can take
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technical and fundamental
processes are going to be
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we're going to be doing. We'll
be talking about each
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management, psychology. But now
what we actually have to do is
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technical side of things as
fundamentals are more of a
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forward into our trading to
follow consistent rules and
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devise all of that information
into a trading plan. Which is
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individual aspect of a trading
plan and then eventually coming
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bringing everything together,
technicals, fundamentals, risk
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understanding of how we're
actually going to approach the
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trade like a business. So in
this chapter, that is what
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market from a technical
standpoint. We spoke about
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those trading sessions,
hopefully you have got a good
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video.
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We've just been through
technical analysis and after
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How's it going everyone?
Welcome back to the course.
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