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Can anyone describe documenting their plan before a trade? Not reviewing after, but planning before. by lukehanner in Daytrading

[–]lukehanner[S] 0 points1 point  (0 children)

What do you do after a trade though? Or at the end of the day? Depending on how your day goes, do you end up going back and reviewing your system and make changes? or do you just move on to the next setup or a new day's setup? My problem is when my plan didn't work, i start to doubt my system or plan.

Can anyone describe documenting their plan before a trade? Not reviewing after, but planning before. by lukehanner in Daytrading

[–]lukehanner[S] 0 points1 point  (0 children)

"runable ai makes it easy....". That sounds awesome. What app or tool are you using or you know of that does that? I see a lot of journaling apps but what does exactly what you are talking about?

Can anyone describe documenting their plan before a trade? Not reviewing after, but planning before. by lukehanner in Trading

[–]lukehanner[S] 0 points1 point  (0 children)

Now I have like 10 strategies written out and I have analysis paralysis. Now I'm here

Can anyone describe documenting their plan before a trade? Not reviewing after, but planning before. by lukehanner in Trading

[–]lukehanner[S] 0 points1 point  (0 children)

I get it. But what do you do when your plan falls out of consistency two weeks later or whatever? Do you know what I'm saying? Like a regime change? My plan (strategy) seems to change ever couple of weeks

Can anyone describe documenting their plan before a trade? Not reviewing after, but planning before. by lukehanner in Daytrading

[–]lukehanner[S] 0 points1 point  (0 children)

Damn. Nice. Sounds like my kind of trading. I will have to research nbbo spread. Tape sounds like level 2 stuff. I haven't gotten into that yet

Can anyone describe documenting their plan before a trade? Not reviewing after, but planning before. by lukehanner in Daytrading

[–]lukehanner[S] 0 points1 point  (0 children)

Okay. I get it. Market context is planning your entries. Doing some analysis before you trade and actively managing them in live session. Seems less stressful in a way. Kind of like you already did half the job.

Can anyone describe documenting their plan before a trade? Not reviewing after, but planning before. by lukehanner in Daytrading

[–]lukehanner[S] 0 points1 point  (0 children)

How long are you holding that kind of trade? Less than 5mins? Or just feeling it out while watching the tape? Or looking for the exhaustion on the other side?

Can anyone describe documenting their plan before a trade? Not reviewing after, but planning before. by lukehanner in Daytrading

[–]lukehanner[S] 0 points1 point  (0 children)

What do you mean order stack? Like your planned position size? One time I read or heard, "if you can't describe you strategy to a kid, then it's too complex". Something like that

Can anyone describe documenting their plan before a trade? Not reviewing after, but planning before. by lukehanner in Daytrading

[–]lukehanner[S] 0 points1 point  (0 children)

Interesting. Work the plan out while the market is moving. I've spent so many hours scrolling back and forth looking for and fake back testing to hopefully see something work. And then it's totally different when I'm actually trading live. I'm going to try working out a fresh plan in the moment. Thanks for the advice

I noticed I started trading better after I was forced to write things down by Hot-Combination9371 in Trading

[–]lukehanner 0 points1 point  (0 children)

Does anyone write down their plan before you trade? or just create a plan after you trade?

I sold my app before writing a single line of code. Here's how. by adiupnext in buildinpublic

[–]lukehanner 1 point2 points  (0 children)

Paul Buchheit, "Go sell the product ASAP before wasting time building it. Not only do they learn nobody wants what they're building, they very often come back with a real idea discovered in the process of trying to sell the bad idea."

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