Practice plan - Step 2. The trading process; Part 3: Determine the required trigger behavior (Summary)

Now for a condensed and simplified version of the last two posts. The point of this weeks practice is not to figure out how many times I can be right /wrong, make money/lose money, or to find a better strategy; it is about forcing/strengthening a reliance upon my intuition.

Determine the required trade triggers

The Finger

Entry: Is the available price close enough to the stop? Does the market support the expected direction?

Exit: Is the stock still moving in the expected direction?

The Outbreak

Prior to Entry (alert setting): Does the stock show clear lines of support or resistance?

Entry: Is the entry price close enough to the stop? Does the market support the expected direction?

Exit: Is the stock still moving in the expected direction?