For
XXXXXX
Table of Contents
Technology
1. Trading Tools
2. Hotkeys/Buttons
3. Journal Selection
4. Journal Criteria for BHOD Strategy
Strategy
1. Trading Tenets
2. Trading Rules
3. Trading Framework
4. Trading Plan BHOD Strategy
a. Money & Risk Management for BHOD Strategy
b. Trade Management for BHOD Strategy
c. Best Trade
d. Worst Trade
Psychology
1. Trader Personality Assessment
2. Performance Profile
3. Goals
TradeBook Edge
1. Edge Definition
Technology
Trading Tools
Trading Platform:
Trading Scanners:
Broker:
Trading Desk:
Trading Community:
Hotkey/Buttons
Journal Tools
Microsoft products:
TraderVu/Chartlog:
Journal Criteria for BHOD Strategy
Trade Analysis
Strategy
Trading Tenets
Trading Rules
Rule 1: Day Trading is not a strategy to get rich quickly
Rule 2: Day Trading is not easy. It is a serious business, and you should treat it as such
Rule 3: Day Traders do not hold positions overnight. If necessary, you must sell with a loss to make sure you do not hold
onto any stock overnight
Rule 4: Always ask, "Is the stock moving because the overall market is moving, or is it moving because it has a unique
fundament catalyst."
Rule 5: Success in day trading comes from risk management - finding low-risk entries with a high potential reward. The
minimum win:lose ratio for me is 2:1
Rule 6: Your broker will buy and sell stocks for you at the Exchange. Your only job as a day trader is to manage risk. You
cannot be a successful day trader without excellent risk management skills, even if you are the master of many effective
strategies.
Rule 7: Retail traders trade only Stocks in Play, high relative volume stocks that have fundamental catalyst and are being
traded regardless of the overall market.
Rule 8: Experienced traders are like guerrilla soldiers. They jump out at just the right time, take their profit and get out.
Rule 9: Hollow candlesticks, where the close is greater than the open, indicate buying pressure. Filled candlesticks,
where the close is less than the open, indicate selling pressure.
Rule 10: Indicators only indicate; they should not be allowed to dictate.
Rule 11: Profitable trading does not involve emotion. If you are an emotional trader, you will lose your money.
Rule 12: ….
Trading Framework
Daily Stock Selection Criteria:
Daily Max Loss:
Daily Profit Goal:
Max 30 Day Loss:
Exchanges:
Additional:
Trading Plan (BHOD with Scanner)
Description
Time:
Indicators:
Confirmations:
Entry Signal:
Stop Loss:
Target:
Rules:
Money & Risk Management for BHOD Strategy
Trade & Risk Management Principle:
Risk Per Trade:
Profit Target Per Trade:
Max Loss Per Trade:
Trade Limits:
Time Constraints:
Stop Loss Mechanism:
Break-even Win%:
Scaling up Criteria:
Trade Management for BHOD Strategy
Removing Size from the Position Plan:
Adding to the Position Plan:
Stop Loss Moving Plan:
Seeking Realized Rate of Return:
Best Trade
Why was it your best trade:
What did you learn from the trade
How can you repeat the trade
Worst Trade
Why was it your worst trade:
What did you learn from the trade:
How can you prevent repeating the trade:
Psychology
Trader Personality Profile
Complete the Trader Personality Profile: https://aware-profile.daytradingpsychology.com/
Performance Profile
Goals
GOALS (Specific, Measurable, Attainable, Relevant, Time-Based)
Goal 1: SMART Goals
S: Specific
M: Measurable
A: Achievable
R: Realistic
T: Timed
Quarterly Monthly Daily
Outcome These goals are targets that can be
Goals influenced by factors outside of your
control
Performanc • These goals are used to help you
e Goals improve your own performance in
specific areas
Process • These goals focus on strategy, •
Goals emotional regulation, daily habits and
any other processes you must go
through to trade successfully or to
meet your performance and outcome
goals.
Technology
TradeBook
Edge
Strategy Psychology
TradeBook Edge
Edge Defined
TradeBook Edge 1:
TradeBook Edge 2:
