Normal
This thread builds on what we have accomplished in Pav's thread. That means we take the capital and the profits earned last FY and grow them this FY. This thread will be more of a trade journal rather than an educational demonstration of a trading methodology. We've done that in Pav's thread. The addition of a new strategy and improved flexibility turns our trading activity into a small business that can operate in all market conditions. I assume this is what you want to see.The additional trading activities that we will employ may make this thread seem busy all of a sudden. Effective organisation is key. Adding another strategy to your trading tools will only work if everything is organised. It's not organised if it's not written down and handy to reference. A new strategy will mean new scans, another watch list and maybe some slight modifications to your trade management rules/guidelines. I can't do that for you. I will try to introduce new topics as we need them.I will continue using the records and spreadsheet from Pav's thread. Accountability is mandatory and so is integrity. I'll be trading every one of these trades myself. It's a new FY and I have to earn my keep. This will not be a signal service. I'll post the charts with a description of the setup and any targets AFTER the entry. Occasionally I might post a setup or some stock codes before they trigger, but don't hold your breath waiting for them. I've been known to pre-empt a BO. Be warned.I'll continue providing my comments on trade management, but I won't divulge my exact exit plans ahead of time.There will be no trades started before July 1st. I'm giving you advanced notice to help you get organised if you are going to follow along. The next post will show why you will need to be organised.Are you ready to rumble?
This thread builds on what we have accomplished in Pav's thread. That means we take the capital and the profits earned last FY and grow them this FY. This thread will be more of a trade journal rather than an educational demonstration of a trading methodology. We've done that in Pav's thread. The addition of a new strategy and improved flexibility turns our trading activity into a small business that can operate in all market conditions. I assume this is what you want to see.
The additional trading activities that we will employ may make this thread seem busy all of a sudden. Effective organisation is key. Adding another strategy to your trading tools will only work if everything is organised. It's not organised if it's not written down and handy to reference. A new strategy will mean new scans, another watch list and maybe some slight modifications to your trade management rules/guidelines. I can't do that for you. I will try to introduce new topics as we need them.
I will continue using the records and spreadsheet from Pav's thread. Accountability is mandatory and so is integrity. I'll be trading every one of these trades myself. It's a new FY and I have to earn my keep. This will not be a signal service. I'll post the charts with a description of the setup and any targets AFTER the entry. Occasionally I might post a setup or some stock codes before they trigger, but don't hold your breath waiting for them. I've been known to pre-empt a BO. Be warned.
I'll continue providing my comments on trade management, but I won't divulge my exact exit plans ahead of time.
There will be no trades started before July 1st. I'm giving you advanced notice to help you get organised if you are going to follow along. The next post will show why you will need to be organised.
Are you ready to rumble?
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