Steps to Construct a Perfect Trade!

Here is the link.

How can you construct a “Perfect” trade? You can’t! No-one can. Let’s establish something right off the bat. There’s no such thing as perfection in the marketplace, it’s simply non-existence. But as traders, we can always AIM for a perfect trade, or a great trade idea. In this video I will breakdown the process of constructing a trade, which can be close to perfect. I will be walking you through the several steps to guide you before you take on a trade. The steps will ensure that you have the highest probability of being right, and making a successful trade. Here’s what we cover: 1. Why there is no such thing as perfection in the marketplace. 2. How most people go towards trading, and why it’s WRONG. 3. The steps to constructing a “Perfect” trade. 4. Examples of each step, and how to apply it while trading. 5. Why you won’t ALWAYS be successful even while applying these steps. 6. Walk-through of a trade setup.

Here is snapshot of process:

1. Trigger
2. Hypothesis
3. Risk analysis
4. Execution
5. Trade idea

More detail

1. Trigger  (news or earning, price action, market sentiment)
2. Hypothesis ( Construct a trade setup, I think the stock will do xyz because of abc)
3. Risk analysis (entry point, stop loss, profit target, position size)
4. Execution (execute trade, exit price)
5. Trade idea