StockFetcher Forums · General Discussion · T-3 Fibs ProTrader Trading Plan and Objectives<< >>Post Follow-up
TheRumpledOne
6,358 posts
msg #49464
Ignore TheRumpledOne
1/22/2007 6:34:21 PM

Found this on the net.. a trader was asking if I had coded the T3.

With some changes, you may find this of some use:

http://www.nss-t3.com/resources/T-3%20Fibs%20ProTrader%20User%20Guide.htm

T-3 Fibs ProTrader Trading Plan and Objectives

The initial goal of any trader is to make money. A simple concept but wanting to make money in and of itself is not enough to get you to your end result. You must plan. Plan for the good and the bad and if you set goals you will have an easier time to reach them. What we would like for you to do is to fill out each of these “ goals” to the best of your ability and then end result will be a SIMPLE well laid out plan of attack on the market. Once you have this sheet complete you will have an accurate picture of yourself, your expectations, and will have a solid plan for success that you can follow. Also please share this sheet with your salesperson so that we can better assist you in reaching your goals.

ANNUAL goals – this year I would like to make $_____________________________.

To make my annual goal I will be entering the market with $_____________________.

This will be a % _____________ gain on my account. ($ made / $ started with).

The last year I made this much money was? ________________________ ( year ).

I believe this goal is realistic and achievable? SIGN YOUR NAME _________________.

This will come back to haunt you if you are not correct.

To achieve this goal I will need to make % monthly ( annual % gain / 12)_____________

This will make monthly dollar amount $ _______________ ( $ annual /12) ___________

My weekly goal must be $ ____________________ Weekly % ____________________

My daily goal must be $_______________________

NOW THAT YOUR GOALS ARE SET answer the following…..

I AM WILLING TO LOSE $______________________ TO REACH MY GOALS.

Sign your name here to this again ____________________________________________

NOW FOR SOMETHING MOST PEOPLE DON’T EVER DO>>>>>>>>>>>>>>>>>

The market I will be trading is ______________________________________________

The average daily range over last yr. Is _______________________________________

Number of contracts/ shares I will trade is ____________________________________

To reach my daily goal trading the number of contracts I can trade I must take out what % of the daily range in order to reach my goal. __________________________.

Is this realistic? YES OR NO ______________________________________

Do I need to take a trade every day to reach my goal? ___________________________

Do I have at least 3-4 times the required capital to trade my markets? _______________

If I lose my maximum amount will it change the way I live? ______________________

RISK MANAGEMENT- Let’s face it…we won’t win all the time so rules in place to keep us from doing more harm than good and calling it a day when things are not going right for you.

I will be willing to lose this much money on a daily basis before I quit trading$____________________________. ( usually 2-3 times daily goal is max, if you lose more than that then you will have a hard time to recover. Not as important for swing / position traders) mostly day traders.

Is there a point at which I will stop trading on the winning side? $__________________

How much of my account am I willing to lose before I quit altogether? Although we don’t like to face this question it is important. $_________________________

With these dollar goals in place how long can you lose before you reach your max loss and have to quit trading? ( MAX LOSING DAY * MAX LOSS )$____________

Have you given yourself enough room for mistakes and learning to continue trading? ________________________________

If not, should you make adjustments to your goals ? ____________________________

Should you make adjustments to the # of contracts/ shares that you are trading? ______________________ IF SO THEN START OVER!!!!!!

Return to top of page

T-3 Fibs ProTrader Daily Planner
Date: ___________________

Market: _________________

Key Economic reports due out today:

_____________________ Time _____________ Market mover? ________________

_____________________ Time _____________ Market mover? ________________

_____________________ Time _____________ Market mover? ________________

_____________________ Time _____________ Market mover? ________________

What is the market’s trend for: (up or down)

Last day ________________________

Last two days ____________________

Last week _______________________

Last month ______________________

Last 3 months ____________________

KEY SUPPORT AREAS:

Support #1 ___________________________ rate this support strength _____________

Support#2 ____________________________rate this support strength _____________

Support #3 ___________________________ rate this support strength _____________

Support#4____________________________rate this support strength _____________

Support#5 ____________________________rate this support strength _____________

KEY RESISTANCE AREAS:

Resistance #1 ________________________ rate this resistance strength ____________

Resistance #2 ________________________ rate this resistance strength ____________

Resistance #3 ________________________ rate this resistance strength ____________

Resistance #4 ________________________ rate this resistance strength ____________

Resistance #5 ________________________ rate this resistance strength ____________

MY PLAN OF ACTION INCLUDES:

The overall market trend is ___________________________ and I expect the market to

open at (price) ______________________ If this happens, I am looking for my first

(B/S)___________ opportunity at (price) ______________________ once I get

confirmation. My risk on this trade will be __________________ . If the market goes in

the correct direction I will look to take my initial profits off at __________________. If

The market breaks this area I will look for it to go to (price) _________________. Upon

breaking this area I will look for an opportunity to get into the trend by placing an order

around ___________________ or wait for confirmation of the continuation of the move.

I will then look to take that trade to my next level which will be (price) ______________.

Return to top of page

T-3 Fibs ProTrader Entry Trade Planner
Date: ___________________ Market: _________________

KEY SUPPORT AREAS:

Support #1 ________________Support#2 _____________Support #3 _______________ Support#4_________________Support#5 _____________

KEY RESISTANCE AREAS:

Resistance #1 ___________Resistance #2 __________Resistance #3 ________________ Resistance #4 ___________Resistance #5

TRADING CHECKLIST
Trade #1

I want to BUY OR SELL ________________

Larger timeframe confluence zone __________________

Smaller timeframe confluence zone ______________DOES THIS MATCH? Y/N _____

T-3 Turbo Slow Sto on smaller time frames overbought or oversold ________________

T-3 Turbo Slow Sto on LARGER time frames OB/ OS ___________________________

T-3 Trigger broken? ____________ On both smaller time frames? _________________

I will use an AGGRESSIVE entry? _____________ Retracement entry ______________

INITIAL STOP _________________________________

INITIAL PROFIT OBJECTIVE ____________________

FINAL EXIT PRICE ON MULTIPLE CONFLUENCE __________________________

After trade information

Winner or Loser? __________________ How much did I make / Lose?______________

How exited the trade Y/N Trailing _____ Stop loss ______ Profit______Stoch.________

What did you do correct? ___________________________________________________

What did you do wrong? ___________________________________________________

Any changes you would make? ______________________________________________

Trade #2

I want to BUY OR SELL ________________

Larger timeframe confluence zone __________________

Smaller timeframe confluence zone ______________DOES THIS MATCH? Y/N _____

T-3 Turbo Slow Sto on smaller time frames overbought or oversold ________________

T-3 Turbo Slow Sto on LARGER time frames OB/ OS ___________________________

T-3 Trigger broken? ____________ On both smaller time frames? _________________

I will use an AGGRESSIVE entry? _____________ Retracement entry ______________

INITIAL STOP _________________________________

INITIAL PROFIT OBJECTIVE ____________________

FINAL EXIT PRICE ON MULTIPLE CONFLUENCE __________________________

After trade information

Winner or Loser? __________________ How much did I make / Lose?______________

How exited the trade Y/N Trailing _____ Stop loss ______ Profit______Stoch.________

What did you do correct? ___________________________________________________

What did you do wrong? ___________________________________________________

Any changes you would make? ______________________________________________

Trade #3

I want to BUY OR SELL ________________

Larger timeframe confluence zone __________________

Smaller timeframe confluence zone ______________DOES THIS MATCH? Y/N _____

T-3 Turbo Slow Sto on smaller time frames overbought or oversold ________________

T-3 Turbo Slow Sto on LARGER time frames OB/ OS ___________________________

T-3 Trigger broken? ____________ On both smaller time frames? ________________

I will use an AGGRESSIVE entry? _____________ Retracement entry ______________

INITIAL STOP _________________________________

INITIAL PROFIT OBJECTIVE ____________________

FINAL EXIT PRICE ON MULTIPLE CONFLUENCE __________________________

After trade information

Winner or Loser? __________________ How much did I make / Lose?______________

How exited the trade Y/N Trailing _____ Stop loss ______ Profit______Stoch.________

What did you do correct? ___________________________________________________

What did you do wrong? ___________________________________________________

Any changes you would make? ______________________________________________

Trade #4

I want to BUY OR SELL ________________

Larger timeframe confluence zone __________________

Smaller timeframe confluence zone ______________DOES THIS MATCH? Y/N _____

T-3 Turbo Slow Sto on smaller time frames overbought or oversold ________________

T-3 Turbo Slow Sto on LARGER time frames OB/ OS ___________________________

T-3 Trigger broken? ____________ On both smaller time frames? ________________

I will use an AGGRESSIVE entry? _____________ Retracement entry ______________

INITIAL STOP _________________________________

INITIAL PROFIT OBJECTIVE ____________________

FINAL EXIT PRICE ON MULTIPLE CONFLUENCE __________________________

After trade information

Winner or Loser? __________________ How much did I make / Lose?______________

How exited the trade Y/N Trailing _____ Stop loss ______ Profit______Stoch.________

What did you do correct? ___________________________________________________

What did you do wrong? ___________________________________________________

Any changes you would make? ______________________________________________




StockFetcher Forums · General Discussion · T-3 Fibs ProTrader Trading Plan and Objectives<< >>Post Follow-up

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2016 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus