How to write a Rule Based Trading Plan as a Beginner Trader

By Shadow Trader

After reading this entire book you will have increased your knowledge of the financial markets and trading industry so you can make more knowledgeable decisions in the future. The idea is to keep your process and rule based plan simple so you can understand what you are doing and can make educated decisions, if you keep it simple it will be. You will evolve as an investor and trader as you continue to learn and uncover your strengths and weaknesses.

The information I have to give you in How to write a Rule Based Trading Plan as a Beginner Trader will give you some basics of what you need to be successful in making money by investing and trading in any of today's financial markets. This business gives you the chance to make money every single trading day no matter where you are in the world; as long as there is Wi-Fi or internet there you can make money if you trade with a rule based plan! Isn’t that the kind of business you would like to be in?

Use How to write a Rule Based Trading Plan as a Beginner Trader as an overview or a guide, if you will, for what to include in your rule based trading plan to become consistently profitable from trading. I give you concise information as to what you could include in your trading plan although it will need to be your own plan for whatever you are trading and only you can decide what to ultimately include in the trading plan. I tell you only the most critical things to include because those are absolutely the most important and the ones that will make you money right away.

How to write a Rule Based Trading Plan as a Beginner Trader provides straightforward, easy to understand and easy to apply advice, tips and techniques that can be the backbone of any trader’s success in the financial markets no matter what market you’re working in.

• Language: English
• Publisher: Shadow Trader
• Release date: Jan 18, 2018
• ISBN: 9781386485438

Book preview

Who I wrote this book for

There are many different ways to get involved in the financial markets for profit. How to write a Rule Based Trading Plan as a Beginner Trader is for new trading beginners who are just starting out on their journey who need the basic information and want to have it all in one place at one time instead of having to figure it out on their own and wasting time and perhaps a lot hard earned money in the process.

Learning to keep the process simple from the start, so as not to waste a lot of education time if you are new is what How to write a Rule Based Trading Plan as a Beginner Trader is all about. Trading beginners need to start somewhere and How to write a Rule Based Trading Plan as a Beginner Trader can get you on the fast track to getting only the information you to get going making money right away. There are no short cuts in the learning process that beginners must go through however it does not have to be as hard as they make it on themselves.

The information in this short book is meant to expedite the trading beginner’s learning curve while giving them some ideas as to how to pick some good stocks to invest in right away and how to build a smart trading plan and what to have in the plan.

After reading this entire book you will know the steps you need to take as a trading beginner to learn only the things that can help you make money right away and what you can pass on. There is no need to learn anything that will not help you to make money in the market environment against the best market participants in the world. The best tips I can give you right now in this section is to always do your own due diligence no matter what anyone tells you or shows you on a chart, and never listen to the talking heads, EVER!

As a trading beginner you will need to develop a rule based plan for how to execute a position based on your analysis as well as learning how to reduce your emotional response when working in the live market which can be one of the greatest hurdles to shrewd decision making for a beginner trader.

How to write a Rule Based Trading Plan as a Beginner Trader will also help you to have confidence behind your decisions will help you from worrying about aspects of investing which you can’t control, such as return or systematic risk. You should be able to analyze a possible investment step by step which can lead to the discovery of other investment opportunities which will be based on your rule based plan

After reading this entire book you will have increased your knowledge of the financial markets and trading industry so you can make more informed decisions in the future. The idea is to keep your process and rule based plan simple so you can understand what you are doing and can make informed decisions, if you keep it simple it will be. You will evolve as an investor and trader as you continue to learn and uncover your strengths and weaknesses.

The information I have to give you in How to write a Rule Based Trading Plan as a Beginner Trader will give you some basics of what you need to be successful in making money by investing and trading in any of today's financial markets. This business gives you the chance to make money every single trading day of your life no matter where you are in the world; as long as there is Wi-Fi or internet there you can make money!!! Isn’t that the kind of business you would like to be in?

Learn to do this business the right way from the beginning and you will have money making skills which will last you the rest of your natural life until the day you CASH OUT, now let’s do this!

Table of Contents

Who I wrote this book for

This is what beginner traders need to know first

Answer all of the hardest questions before you even begin trading

You must learn to read supply and demand on any chart in any asset class

You need to get your head in the game and be ready for live trading

Money management is the only way to get rich from trading

Professionals trade from a rule based plan you should too

Making money with money is easy when you’re making it from the right people

Develop a kill everyone mentality and trade like a Wall Street profiteer

Swing trade for the most consistent profits as a beginner

Develop a "smart plan" for trading then implement it and stick to it

Really dial in your trading and use End of Day signals

You should create a long-term wealth producing strategy

Bonus Chapters

3 things that will help you win more trades – large PM, correlation, confluence in signals

How to overcome over trading as a beginner

My final advice to beginner traders

Extra links

Disclaimer

This is what beginner traders need to know first

New trading beginners and investors taking their first steps towards learning the basics of investing and trading should use multiple sources of quality education. This short basic book can be your first step in the education and training you must have to become consistently profitable in today’s markets.

If you are a trading beginner and have zero experience and are looking for your first basic information as to how to get started and what to study first and foremost this book is for you. The information in this book is worth its weight in gold and you are basically getting it for the small cost of this book.

Beginner traders watching the markets rise and fall are usually frozen with fear. Can you imagine why a brand new investor would be horrified to see their first position they bought immediately drop in price the moment after they bought it? It has happened to me several times in my career so far and I am not new.

They are horrified because they have not taken the time to learn how to see supply and demand and learn how to use price action of the equities they look at in conjunction with supply and demand to trade.

Let’s put the brutality and volatility of the market into some much-needed perspective right here right now. If you go in the live markets unprepared or even under prepared you can just write a check to your broker for your entire account balance and save yourself a lot of anxiety and stress.

It is imperative that you get the right training and education right from the very start of your time in this business. How to write a Rule Based Trading Plan as a Beginner Trader will help you to know what you do need to study from the start, what is critical to know and be able to do, and what you can pass up and not waste your time on.

As a brand new investor and trader, there’s a wealth of information that could be used to your advantage. I recommend that you start off by gaining a working knowledge of the overall market dynamics, what price action is as well as the principles of supply and demand. Learn why the markets do what they do. New investors and traders often wonder how long it will take before they start making money in the markets. You don’t need to be in any hurry because the market is always going to be there waiting to pay you.

To be a successful market investor and speculator you must be equipped with the proper tools and information from the start of your trading and investing business. Price action and the use of supply and demand principles to make trading and investment decisions are those tools. You don’t need to care where the price is going to be ten years from now; you need to know about where price is right now.

Here is the first tip I can give you. Don’t waste time on learning things that will not help you make money in the live market. You don’t need to know the history of the stock market and what all the old time guys who made a lot of money did to make their loot. It’s not even the same market or economics as it was when they were in the live market so don’t waste any valuable education and learning time on learning that information it will not help you make money in today’s fast moving markets.

I encourage you to begin to learn only what will make you money in today’s markets. If you would like to go back and study all that history once you have become consistently profitable on a daily basis so be it. If and when you do become successful in this business you will have a lot of time on your hands anyway because at that juncture trading is boring and it is a lot of waiting around.

In the meantime though, let’s get you learning how to drive your new money train down the tracks of gold to the front door of your bank so you can deposit all the profits you are going to learn how to take out of today’s markets. You don’t need to know what happened in the market