Comment on Mr Consistent returning incredible returns

Madan commented on 08 Jan 2014, 02:39 PM

Karuna,

In essence, you are right but there is much more to a trading plan. Lets see the key features.

1. Reason for trading this year – very important

2. Markets to trade – this will include instruments and thier corresponding size

3. Trading strategies for various mkts mentioned in #2

4. Execution methods — this section talks about entries and exits

5. Any other misc trading rules like no new trade on expiry, etc..

6. Drawdown rules

7. Personal life and Health – like hitting gym, playing, trekking, weekend parties

8. Office setup – should include backup plan for everything including electricity, internet, PC

9. Yearly goals (if any) – personally, i don’t keep trading goals.

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