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my trading plan

my trading plan - student project

position size will be based on the maximum loss that I will take

stop loss will be the recent swing high or low or the retest level

2:1 is the minimum risk-to-reward ratio I am willing to take

2 bad trades are enough to call it a day 

will journal my trades on OneNote on my system

a morning routine will consist of watching the previous day's action and how global markets are behaving any strong news or earnings reports general open interest buildup etc.

will use news sites such as yahoo finance and money control also the broker's news report 

yes I have a broader market sector watchlist to see towards the broader market

I trade in India so I usually check out nifty and bank nifty for market direction also the global indices like Nasdaq Composite and spy or DJIA are used to get a glimpse of the global capital market scenario

I am going to use the smart money concept indicator by Lux Algo also the volume indicator and the smma indicator

I am going to look out for demand and supply level and trade reversal also will look out for potential momentum breakouts and also the range bound opportunities

I am going to review all my day trade at the evening