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Sample Swing Trade Plan

The document outlines a sample swing trade plan with 13 rules including setting a risk amount of $200 per trade, limits on open trades, entry criteria, profit targets, and consequences for breaking the rules.

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Yagnesh Patel
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120 views

Sample Swing Trade Plan

The document outlines a sample swing trade plan with 13 rules including setting a risk amount of $200 per trade, limits on open trades, entry criteria, profit targets, and consequences for breaking the rules.

Uploaded by

Yagnesh Patel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Sample Swing Trade Plan

1. R = $200
2. No more than 6 open swing trades at any one give time
3. Must write down and plan the swing trade entry 18 hours before getting in
4. Never have all 6 swings in the exact same industry (all pot or all tech for example)
5. Should base my entries off of either hammer / one white soldier / morningstar reversal
6. A gap needed to have occurred within the last 3 weeks for me to take the trade
7. If Trade have not hit more than 1R in over 9 trading days, simply exit if profitable
8. Once in the trade, do not move stop for 6 trading days
9. If trade is up over 1.5R in less than 3 days, you might have a huge winner on your
hands! Try and hold for 3.6R
10. Analyze the trade using the weekly , daily , hourly and even monthly chart. If the stock is
above the 10,20,50 ema and 100/200 sma on ALL time frames, take it. Otherwise, don’t
11. If I am in 4+ swing trades and they are ALL profitable simultaneously, close everything
down and lock in gains
12. Use RLT afternoon room / slack to generate ideas
13. Verify when earnings are and do not hold over earnings: https://finviz.com

PAIN
If I break any one of these rules and I will be a vegan for 3 weeks.

PLEASURE
If I follow all of these rules I SHOULD end profitable each month. Therefore I will reward myself
and others.

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