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The 7 Parts Of a Master Trading Plan - (Profitable After 20 Trades)

Join this channel to get access to perks:    / @oliverveleztrading   A good trading plan consists of 7 steps. With me you will learn each of these 7 steps and the best thing is that you will have the possibility to create one according to your style. Join me in this video and let's create a solid plan that will take you to the next level. 0:00 Intro 2:30 Step 1 ID 5:35 Step 2 Location 6:42 Step 3 Entry 7:20 Step 4 Initial Stop 7:43 Mechanics 9:46 Step 5 Add Method 12:03 Step 6 Profit 13:02 Purpose of a Trading Plan 15:51 Step 7 Stop Adjustment 18:52 Importance of a Trading Plan 22:12 Why your plan must be written 25:25 Problems with Step 5 28:18 Conflict in timeframes 30:40 Why I hate traders who take profits before 30 cents 33:00 Does the trading plan apply to indexes? 36:34 You must know this before becoming one of my traders 38:28 Why you need a mentor, not just a plan 44:07 Is daily profit percentage a good idea for my plan? 48:14 LIFO vs FIFO 52:23 Risk management for a $500 account 💁🏻If you need support or personalized attention, please contact my team through: 📲 WhatsApp: +1 (786) 477-7942 📧Email: [email protected] Subscribe and receive in your mail every Sunday reflections and tips on trading. https://www.tradingolivervelez.com/ne... FOLLOW ME ON MY OTHER NETWORKS ✅► Instagram:   / olvelez007   ☑️► Facebook: www.facebook.com/olvelez007 ✴️► X: www.twitter.com/olvelez007 🏬Oliver Velez Store https://bit.ly/OliverVelezStore https://www.olivervelezstore.com 🧑🏿 GET TO KNOW ALL MY PROGRAMS 👊www.tradingolivervelez.com ⚠️ DISCLAIMER Oliver Velez will never ask you for money Oliver Velez Trading & Ifundtraders its members, directors, employees and collaborators do not collect money from the public or manage third party accounts. All content on this channel is for educational purposes and does not constitute investment advice. Strategies and investments involve risk of loss. None of the information found in this video should be construed as a guarantee of results. Any decision made by the viewer is solely and expressly their responsibility. #olivervelez #oliverveleztrading #tradingstrategies #daytrading #tradeforaliving #tradeforprofit