​TRADING PLAN

Techniques on how to make money like a casino trading NASDAQ100

Reliable methods to make money consistently

and profitably trading the NASDAQ100.

Shabane JR

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 RISK DISCLAIMER AND IMPORTANT NOTICE

This Handbook and all other learning materials from SJR NASDAQ ACADEMY
(formerly NASDAQ100 - TRAINING) are exclusively for educational purposes
only. Trading Stocks and Indices has large potential rewards but also large
potential risks and may not be suitable for all investors. Before deciding to trade
you should carefully consider your investment objectives, knowledge possession,
level of experience as well as risk appetite.

Don't trade with money you can not afford to lose. This is neither a solicitation
nor a signal to buy or sell, make sure you acquire proper trading knowledge that
you should rely upon before making any trading decision.

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 INTRODUCTION

There is a list of a few things that differentiate Trading from Gambling and that
is why there are still a lot of misconceptions and myths that trading is like any
other form of gambling like sports betting or casino games.

Taking calculated risks, having a proper trading plan, proper trading knowledge
(strategy), having patience as well as being able to control emotions over the
markets while trading is all that differentiates us from gamblers.

Also, the reason why most Traders still lose is that they trade with a gambling
mindset. They trade based on rumors, based on hope, based on opinions, based
on emotions, or even based on pips without having a proper and well-designed
trading plan.

Gamblers’ chance of making money is 1:1 while that of Traders is 1:3 or 1:5 and
above. This simply means gamblers only risk one dollar to make one while
traders are supposed to risk at least one dollar to make three or five and above.

Most traders when they trade on a live market the trouble is because of their
emotions, they tend to lose more when they are wrong and they make less when
they are right by not cutting their losses early and letting their winners run.

Most Traders, because of instant gratification, the moment they make a bit of
money they want to close the position and take tiny profits which results in
small wins and the fear of losing money cause traders to not want to cut their
losses early hoping that it will turn to blue soon.

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There is an old expression in business that, if you fail to plan, you plan to fail.
It may sound glib, but people that are serious about being successful, including
traders, should follow those words as if they are written in stone. Ask any trader
who makes money on a consistent basis and they will probably tell you that you
have two choices:

1) methodically follow a written plan or

2) fail.

KEY TAKEAWAYS

● Having a plan is essential for achieving trading success.

● A trading plan should be written in stone, but is subject to revaluation and

can be adjusted along with changing market conditions.

● A solid trading plan considers the trader's personal style and goals.

● Knowing when to exit a trade is just as important as knowing when to

enter the position.

● Stop-loss prices and profit targets should be added to the trading plan to
identify specific exit points for each trade.

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 TRADING PLAN

You can learn a lot about the currency market. You can have a great system for
trading but without a good trading plan and the discipline to stick to it, you will
NEVER be profitable.

Your trading plan will be a constant reminder of how you will make money
trading the currency market. A plan is not required, and if you make a living by
trading and do not have a plan you will be a market genius. Let us give you some
good reasons why you should have a trading plan.

Why Do You Need a Trading Plan?

1. A plan will keep you headed in the right direction.

You need to develop consistency in your trading. You should have a routine so
you can measure your success as a trader. You may have a sound trading system
and always break the rules. If this is the case you will never know how good your
system is and how good you are as a trader. Read your plan every day, follow it
and you will stay on target with your goals.

2. Successful trading is not just a hobby it is a business and a successful

business will have a plan.

I have never known of a successful business that did not start out with a plan. By
sticking to the plan they continued to be successful. If they stop following their
plan then they will become weak in their industry and fall by the wayside. As
your trading business progresses you may alter your trading plan.

But you still have a plan. The difference between the winning traders and the
losing traders is a plan.

If you have a good plan (developed over time) and you stick to it, you can
become successful! You may have a simple plan or a complex plan but to be
successful you need to FOLLOW YOUR PLAN.

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Basics For Your Plan

The trading system is the foundation of your trading plan. You should test it for
at least one month by your Pre Launch Trading.

Include all the important information about your system:

a. Time frames you will use.

b. The entry and exit signals you will use.
c. The maxim percentage you will risk on each trade.
d. How many lots you will trade.

Example: I trade the NASDAQ100. I trade in the direction of the trend on the
1-hour chart. I trade when I get at least two retests after the key level breakout
i.e Money Pattern or Buildup formed at the key level (on the time frame that is
easiest to read at the time I am trading). I will always start each trade with only
one lot. I will add on to the trade as new signals present themselves. I will exit all
positions when my manual trailing stop is hit.

Trading Routine

A trading routine is an important part of your trading plan. It will direct you:

a. When you will analyze the market and plan your trades
b. When you will watch the market to place trades
c. When you will check the market during the day

Example: I will analyze the market each evening before I go to bed. I will watch
the market for an hour in the morning. I will check the market when each new
4-hour bar is formed when I am awake.

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What is My State Of Mind?

Being calm and relaxed is an important part of trading. By following your routine
you can be in a better state of mind than if you run in and look at the market to
try and get a few pips then check the price randomly throughout the day. The
routine will help keep your emotions in check.

Example:

a. I will look for signals and not guess which way the market is going.
b. I will only trade in the direction of the trend.
c. When I lose on a trade I will see what I can learn and move onto the next trade.
d. I will not try to get even with the market.
e. I will not be hard on myself for losing on a trade.
f. I will use each trade as a learning experience.

What Are My Goals

Take some time and think about what you want to accomplish as a trader

a. Do you want to trade for a living?

b. How much return can you realistically expect from trading based on your
knowledge and experience?
c. Your goals don’t even have to be about making money.
d. Maybe you would like to be more disciplined or gain more confidence.
e. These goals can be personal.
f. What do YOU want to get out of this?
g. Use these goals as your motivation when times get tough.

These goals will be your vision, and you must always keep your eyes on the
prize! A goal to make a lot of money is not really a goal.

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Your Trading Journal

Make sure you log the details of each trade and record the reasons for the
trade-in your Trade Tracker sheet.

Later down the road you can look back and evaluate your trades and see how
you are progressing. I’ve looked back at my trade journal and have seen just how
much I’ve grown as a trader. My first entries were very basic and as I’ve
progressed, my trades make more sense to me now.

I’ve gained a lot of confidence throughout my career and by looking back at my

trades, I’ve really been able to evaluate myself and see if I am getting closer to
my goals. This tool will help you tremendously in the long run, so take a few
minutes each day and log your trades. You’ll be happy you did!

Summary

Your trading plan will be just like a flight plan it will keep you on target toward
your goals

Review your trading plan every time you trade and stick to the plan.

You may have all the knowledge out there and be able to talk the talk but if you
do not have a trading plan on how to use your knowledge then you will never be
successful.

Keep in mind when you start to trade with real money you are starting a
business and you will need a plan to be successful in that business. If you do not
want to start a business then stick to Demo trading and treat it as a game.

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 TRADING PLAN (​Example​)

I never trade when I am tired, upset, or rushed.

I set up analysis and signals just before I go to bed.

When an alert sounds I check the market and place my trades based on entry
signals.

I never anticipate what the market will do.

I always trade with a stop loss.

I check the market when I get out of bed.

I always trade in the direction of the trend on the 4-hour chart.

I enter the market on the time frame that is easiest to read.

I always use price action confirmations to enter and exit a trade.

I always make my own decisions to enter/exit a trade.

I always start a trade with one lot.

I only add to a trade when there are confluences.

I never trade with more than 3% of my trading account.

I record my trades in my trading journal.

I accept losses and move on to the next trade. (Losing is part of trading)

I take responsibility for my successes and failures in the market. (I do not blame
others)

I practice trade daily

I want what the market is willing to give. (No greed or fear)

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 TRADING PLAN (​Example 2​)

I understand and accept that my trading results are a direct result of the
behaviours I choose to adopt both on individual trades and with the systems I
plan to use for all positions I trade. Therefore, my trading results are my
responsibility.

My primary aim is to manage risk in all aspects of my trading. I understand that

if I perform this well then it provides me with a greater chance of meeting my
trading purpose and goals.

Adhere to all aspects trading execution plan including pre-planning entry and
exit systems

I aim to maintain an account margin level of at least x%.

I will position size with a tolerable risk level on any single trade of no more than
x% of my account balance prior to entering any trade.

I will have no more than x positions open at any time and no more than 2 trades
with identical currencies within the pairing.

I will journal trades including the entry and exit strategies planned, the P/L
outcome and how well or otherwise I adhered to my trading plan.

I accept that issues related to Forex trading actions such as slippage and
changes in spread are a part of Forex trading and although may impact on the
P/L of an individual trade, are unlikely to change my long term trading results
significantly compared to other actions I adopt that are part of effective risk
management.

I know that the ONLY purpose of entry is to attempt to increase the likelihood of
a trade going in the desired direction, and that having effective position-sizing
and exit systems are as, if not more likely, to impact on my ongoing trading
outcomes.

I will forward test any new strategy before trading live and have specified entry
and exit methods outlined in a specific strategy outline as part of my plan.

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My first task of any trading session is to check economic data releases that may
impact on any open or potential position entries and have within my plan
guidance on trade management.

If I am not able to watch the market I will always have a stop placed on the
platform.

I recognise that there may be circumstances when I am not in the best

decision-making state to trade. In such circumstances I will not enter any new
positions and have stop and profit levels placed on the system for any trades
that are open.

I recognise the value of having other systems in place that supplement my

trading plan including a trading contingency plan, a position accumulating plan,
a journaling and review system, and a trading learning and development plan.

CONCLUSION

Everyone has its unique trading style and risk tolerance. It's recommended to
develop your own personalized trading plan that follows the trading plan
template highlighted in this trading guide.

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