How to Trade - MU | Century Financial Limited

What Is a Trading Plan? Components and Template

Most traders know what a plan should contain. The harder question is which rule stops you first on a losing day.

When volatility doubles, your position size should halve on its own. ATR helps adjust that without you deciding it.

Draw support as a thin line and you will watch it fail constantly, when the level was actually holding the whole time.

Week four closes the series with the document everything else was building toward, plus the one journal column that does a lot of work.

The same morning is one candle on a daily chart and twenty-four on an hourly chart. Week three explains why both are accurate and what that means.

Most people pick a strategy and then work out the risk. Week two illustrates why this could be the right sequence running backwards.

Week one places no trade at all. It builds from the ground up, so that Week three and four has something robust to land on.

Five different traders can look at the same gold chart and reach five defensible conclusions, because each is running a different framework.

Two traders can take the same view on the same company and get different outcomes, purely because of how long they intend to hold it.

Markets have their own vocabulary. Before your first trade, make sure you know what these 10 popular financial terms actually mean.