Money Management Sheet
To Effectively use this Sheet
- Use this with Discipline
- You must have your own strategy on how and where to trade
- Why your point of entry is in that specific Price?
- Are you Chasing the market because you though its Going Up or Down?
- Is your Stop Lost supported by Previous price?
- Is your Stop Lost supported by Support or Resistance
- Is your Stop Lost supported by ideal implementation of Pattern?
- Is your Stop Lost supported by Fibonacci level?
- Have you use that kind of set up and confident about it?
Remember there is no wrong in trading but if you have no supporting reason for the location of your Trade and particularly your Stop Lost then you will have hard time gaining confidence on trading. There will be no room of improvement since you don't define your own system.