The goal of any trader is to make money consistently. In order to do this, one must accept the fact that markets are not 100% predictable. Moreover, they are even less predictable than the experts on TV believe. If this were not true then all of the star fund managers would not be trying to beat the market by few percentage points, let alone making average yearly gains of 20+%.
Therefore, I realized that in order to be successful one needs to do the following:
1. Identify trend change potential
2. Decipher trend
3. Stay with trend
4. Minimize loss
5. Maximize profit
6. Systematic entry and exits.
Consequently, the following trading plan was put in place and is available for your reference.
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