SkillShare Course Project
Day Trading For Beginners
Design your trading plan based on the knowledge and lessons that you have learned
from the course. This trading plan should be your starting point for trading and it should
be what you compare all trading opportunities against. If the trade does not fit in your
trading plan, don’t take the trade.
Print off this page and hand write your answers below each question.
● How are you going to calculate your position size?
I'll first determine my risk-to-reward ratio, ensuring that I don't risk more than 2% of my
portfolio.
● How do you determine where to put your stop loss?
Set my stop loss based on the point where my analysis could be wrong. For now, stick
with 2%.
● What is the minimum Risk:Reward ratio that you are willing to accept?
I'm willing to accept a minimum of 1 to 1.5 risk-to-reward ratio.
● How many bad trades in 1 day before you walk away?
Three bad trades and I'm gonna walk away for the day.
● Where do you plan to journal your trades?
I will use excel for now, then I plan to use Tradersync.
● What is your morning routine?
Wake up an hour and a half early, freshen up, have breakfast, then analyze the market,
review the latest news, and prepare to start trading when the market opens.
● What exchanges/markets are you going to trade?
I'll be focusing on North American market.
● Where are you going to get news about how those markets are doing?
I will use Yahoo Finance, Earning whispers, CNBC, Market watch.
● Do you have a broad market watchlist and a sector watchlist setup so you can see how
things are doing in the big picture?
Yes, I have created one.
● Where are you going to check to see if there is any economic news happening today? I
I will use Earning whispers for earning reports, Yahoo Finance and CNBC.
● What indices are you going to look at to determine market direction?
S&P 500, NASDAQ, Dow Jones, VIX
● What Indicators are you going to use on your chart?
MACD, Volume and RSI
● What are the main technical setups that you are going to look for?
I will be looking for support and resistance, trading with the trend.
● Have you set time aside for you to review your trading performance and try to improve
your trading plan?
I have setup evening time to do that.