This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

Stock selection and trading plan

Jump to new
S

SamLau

Joined
23 May 2009
Posts
35
Reactions
0
Hi,

I've been thinking does it really matter what company you buy at this point in time. It seems price changes in general seem to have come correlation. If the ASX200 goes up, most stocks will rise that day. I read that somewhere in "The art of trading" by christopher tate. I also read you need a trading plan to be successful. How does one start designing that plan?

Thanks in advance
 
Yes of course it matters.
I have 8 long positions open and have lost money in the last 3 days
 
It seems price changes in general seem to have come correlation.
Click to expand...

Heavily correlation. Stocks are correlated with industry, national economy, regional economy, and global economy. It's all connected.

If the ASX200 goes up, most stocks will rise that day
Click to expand...

Likely, since the ASX200 is made up of those stocks.
 
SamLau said:
I also read you need a trading plan to be successful. How does one start designing that plan?
Click to expand...

Well, that's the question. I am reading Smart Trading Plans by Justine Pollard. She offers a no nonsense approach to share trading and even details her best and worst trades.

A trading plan won't guarantee you of success, it can take years to build. And, the only way to build it is to study, paper trade and work out what works best for you.
 
I guess i had the wrong ones
I'm not worried, you shouldn't be too

examples





 

Attachments

  • e029ox.png
    40.8 KB · Views: 0
  • 4qonew.png
    12.4 KB · Views: 0
  • 14e31go.png
    37.2 KB · Views: 0
You must log in or register to reply here.

Similar threads

Interactive brokers and Australian tax
Replies
2
Views
3K
lewischan
L
  • Article
Resources for Systematic/Algorithmic Trading
Replies
12
Views
3K
Richard Dale
Day trading execution platform
Replies
1
Views
2K
quanttraderx
J
The 'plan'
Replies
5
Views
2K
ducati916
System optimisation: IS training vs. OOS testing, and Paper Trading
Replies
10
Views
2K
Garpal Gumnut
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...