I. Goals
A. Returns per month
50%
B. Win rate per 50 trades
Win rate of 50%
C. Reward to Risk Ratio
Risk reward ratio of 2 to 1
D. Risk Management Rules
Cut losses if position loses 15%, sell Friday at 3:30 EST
II. Position Sizing
25% position sizing ( One quarter of account balance )
III. Position Management
Automatically set 40% targets on entry
IV. Work Hours
Friday 3:30- 3:34 EST
V. Stock Selection
TIP’s Secret Formula (One trade a week strategy)
VI. Documentation
• Save Screen of the stock chart with timeframe and pattern
• Record volume, outstanding shares, relative volume, and catalyst
• Record date, ticker, purchase price and action taken