Trading Plan

Trading PlanLesson 5 of 96 min read

Your news rule

The news section of the plan, written as numbers rather than intentions, so a violent morning ends the day without you having to decide anything.

Module 19 taught you to read the calendar. This lesson turns that into two lines of your plan.

The days that are off

The first line is the one you already have.

Four releases mean no trading that day: CPI, PPI, FOMC and NFP. They are on the calendar months ahead, so the days are marked on Sunday and nothing is decided in the morning.

Four names, four days off, written once.

The rest of the calendar is not off

Most days carry smaller releases, and sitting out all of them would leave you almost no days at all.

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