Trading Plan¶
Core Focus
Risk: 1.5% - 3.5% per trade
Focus Sectors: AI & Software
Trading Philosophy¶
Capital Defense Mindset
"There is no such thing as earning less or being poor. It is all about how you manage expenses... Do not recklessly lose money. Have the mindset of defending your capital."
Key Principles¶
- Capital preservation first - It's very difficult to make back money
- Know your dance partner - Trade familiar names
- Cut losers quickly - Exit before 1R if wrong
- Let winners run - But take partials along the way
Risk Parameters¶
| Parameter | Value |
|---|---|
| Max Risk per Trade | 1.5% - 3.5% |
| Hard Stop Loss | -1.2% to -1.5% |
| Average Stop | -0.43R (~1.2%) |
Daily Routine¶
Pre-Market¶
- Check market context and sector performance
- Review watchlist for setups
- Mark key levels on charts
- Check news and catalysts
During Market Hours¶
- Follow pre-trade checklist before entries
- Manage open positions
- Log all trades
Post-Market¶
- Review trades taken
- Update journal with lessons
- Prepare watchlist for next day