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Trading System

The document outlines a trading system to help manage a trader and their trades. The system includes preparing one's mood and doing homework before trading. It also involves creating a detailed trading plan using the SRPSQT method of script, reason, plan, stoploss, quantity, time and target. The plan helps execute trades and includes logical stoplosses and targets. The system advises writing live thoughts, closing reviews, and meditation to analyze performance and solve problems. Overall, the trading system provides structure to help manage a trader's psychology and process.

Uploaded by

Akshay Harekar
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© © All Rights Reserved
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Download as PDF, TXT or read online on Scribd
2K views

Trading System

The document outlines a trading system to help manage a trader and their trades. The system includes preparing one's mood and doing homework before trading. It also involves creating a detailed trading plan using the SRPSQT method of script, reason, plan, stoploss, quantity, time and target. The plan helps execute trades and includes logical stoplosses and targets. The system advises writing live thoughts, closing reviews, and meditation to analyze performance and solve problems. Overall, the trading system provides structure to help manage a trader's psychology and process.

Uploaded by

Akshay Harekar
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Trading System

❖ Trading System [Manages a trader]:

1) Good Mood [Opportunity vs Sleepy/Family/Holiday/Travelling]

2) Homework

3) Read Do's & Don’ts (Will be discussed in detail in next class)

4) Trading Plan [Manages your trades]

SRPSQT -
SCRIPT/REASON/PLAN/STOPLOSS/QUANTITY/TIME/TARGET

Script - Stock

Reason - Fitting a strategy

Plan - How you will execute the trade

Stoploss - Logical (0.5% is ideal stoploss) (0.8% still ok)

Quantity - Position sizing

Time - 45min max wait time for Intraday trader for target trigger

3-4 days for swing traders

Target - 0.8% is good


5) Write Live Thoughts (During Trading)

6) Closing (Analyze journal thoughts Daily/Weekly & solve


problems)

(Read important point)

(Ask Questions)

7) Meditate

❖ Trading System helps to manage a trader


❖ Trading Plan helps to manage your trades
❖ Choosing not to trade is also a trading decision
❖ Amateurs can never make money in the market
❖ Your goal as a new trader is to take notes from the market -
Journal

Send us all your questions at


[email protected]

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