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CattyShack
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CattyShack's Proposed Trading Plan and Guidelines.

Objective - Make my trading portfolio green. Goals are to obtain knowledge and become a full time trader.

GUIDELINES -

1. Never chase a stock or allow greed and fear to over run my previously decided entry/exit point.

2. Protect My Principal.

3. Trade to Trade Well and GAIN KNOWLEDGE.

4. Trade only when a stock meets my criteria.

5. Never risk more then a percentage on each trade.

6. Never take home a losing trade.

7. Take profit while it is there for the taking.

8. On Bearish market days, I will sit on my hands and observe the market.

9. Leave the pumpers be and never follow a "Hot Pick."

10. If I start losing money, switch to paper trading.

Trading Plan.

1. Every weekend set Sunday as a research day for stocks to watch in the upcoming week.(including sectors)

2. Use a stock screener to find stocks trading on higher volume, laggers moving below the sectors MA, or bouncing off its 200 MA.

3. Stocks meeting my critera will be written down on a Notepad and researched and looked at on the CHARTS.

4. If the charts indicate a reversal upward trend or a bounce through resistance, I will add it to my watch list.

5. If a stock has a strong volume push while I am watching the stock I will attempt a trade.

6. Follow the market indexes, including different sectors.

7. Stocks trading in a consolidation pattern, then volume hits and breaks previous resistance is a stock I want to watch closley.

I would like to hear response about ideas or suggestions you may have to help my success in becoming a full time trader.