T3chAddict

T3chAddict

Day trader. Tech geek. Sim Racing Enthusiast.

Writing a day trading business plan

I often compare trading to alcoholism. Not that I’m an alcoholic. Or am I? It’s just that in order to understand and work on your addiction you first have to acknowledge it. And just like any addiction it is a self-established ‘sickness’. That means that when you feel that alcohol is interfering with your life it is time to do something about it. Only you can do that. Sure you sit in a circle and talk to others that are going through the same struggles. Trders can use a talking group as well, for sure. In the end, it’s you that has to carry your own load. As it is with trading. You know what your problem is. You know what to do or at least where to look to find out what to do about it. Only you know where to buy and where to sell. This is my long-winded way of explaining that you have to own your own plan. Own your business. Nobody can do what you do and you can’t do exactly what another does. Sure there can be many similarities but it will never be 100% the same. Therefore don’t follow another, be a leader and just follow me 🙂 Gotcha!

10062019 Monday – Trade Plan

10062019 Monday – Trade Plan Terminology (partially made up by yours truly) PA = Price Action BO = Break Out BD = Break Down CAR = Confirm As Resistance CAS = Confirm As Support UKC = Upper Keltner Channel LKC…