Watch the full video on a free two week trial at https://www.AxiaFutures.com/
In this trader training session, Darren talks about the topic of trading plans and pre-market preparation. What is a trading plan? Do you need one before the market opens? And how rigid should it be? We often hear traders talk about “trading your plan” and how “if you had a bad day but stuck to your plan, then you did well”. But what does this really mean, and does it apply to you?
Some traders arrive and trade what’s in front of them, while others have very rigid plans to consult before making any decisions. Darren recommends traders have a plan. To him, the process of creating a plan gets you to visualize various scenarios and have an idea of how to respond to each of them.
The rigidity of your plan should vary by your level of experience and your style of trading. For example, a quant trader needs a rigid plan, while a discretionary trader needs it as a guiding framework. The most important thing is that the intent of the plan is maintained in accordance to how you should respond to a possible selection of scenarios.
Gain access to more than 50 streams like this per month with professional traders. That’s a total of over 1500 mins at £96 per month, equaling just £1.92 per stream.
Sign up now and get a free 2-week trial:
All of our traders use TT for fast and efficient execution on the DOM.
Try the TT platform free for 4 weeks:
Axia Futures engages in Developing World Class Traders Globally.
Visit us at: https://www.AxiaFutures.com/