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Day Trading Plan and Rules

1. The document outlines a day trading plan with specific rules around position sizing, the number of stocks to focus on each day, entry and exit criteria, profit and loss targets, and chart timeframes to use. 2. Examples of rules include only trading 4 stocks each day, taking profits if up 0.7R or less on two trades, and exiting if a new high is reached on a bullish trade. 3. Consequences for breaking the rules include going vegan for 3 weeks, while following the rules is expected to lead to profitability and a potential reward. Not being profitable while following the rules would trigger a coaching session.

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Kiran Kudtarkar
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52 views1 page

Day Trading Plan and Rules

1. The document outlines a day trading plan with specific rules around position sizing, the number of stocks to focus on each day, entry and exit criteria, profit and loss targets, and chart timeframes to use. 2. Examples of rules include only trading 4 stocks each day, taking profits if up 0.7R or less on two trades, and exiting if a new high is reached on a bullish trade. 3. Consequences for breaking the rules include going vegan for 3 weeks, while following the rules is expected to lead to profitability and a potential reward. Not being profitable while following the rules would trigger a coaching session.

Uploaded by

Kiran Kudtarkar
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
  • Sample Day Trade Plan

**PLEASE MAKE A COPY OF THIS TRADE PLAN File > Make a Copy

Sample Day Trade Plan

1. R = 200
2. Max loss 2R per day, 5R per week, 10R per Month. If I ever hit this I will email Jerremy
3. I only focus on 4 stocks + 2 special gaps each day. [4 stocks, LK, SQ, AMD, NKE] and 2
special gaps have to be between 3-9% up or down.
4. Do your pre marker analysis and have your plan written down for each trade
5. If the stock is not gapping at or above the previous high of day (or gapping at or below
the previous low of day) I must was at least 20 minutes before entering.
6. If there are 3+ candles of the same color in a row, do not take a break out.
7. My goal is to always BUY as low as I can and sell as high as I can
8. If I take two trades in a day and I’m up .7R or less, be done for the day
9. If I win on my first trade, but less than .5 are we done for the day
10. If I go up 3R or more in the first 30 minutes of the day, be done for the day.
11. Use the 105 ema on the 30 minute , NON extended hour chart as a guide. If it’s above,
be comfy playing it bullish. If it’s Below, look to play it bearish OR fade bullish if stock is
at a strong daily or weekly moving average (100/200 SMA)
12. If you are in bullish and stock makes a NEW high, sell something…
13. I will never go realized green to realized red on the day - for day trades
14. Use the 2,3,5 min charts for your entries and candle stick studying
15. Pay close attention to volume!! Always
16. Play high wave candles and hammers!!! That’s it. Focus on those only!

PAIN
If I break any of these rules at any time, I will become vegan for 3 weeks

PLEASURE
If I follow these rules I SHOULD end profitable. In which case, I will reward myself and others.

**If I feel like I have followed all of these rules and I am not profitable I will email
Jerremy@[Link] ​and we will have a coaching session.

**PLEASE MAKE A COPY OF THIS TRADE PLAN File > Make a Copy Sample Day Trade Plan 1. R = 200 2. Max loss 2R per day,

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