The
King's Trader Education
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Trader Training - Free Educational Trading
Articles:
The Trading Plan
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Page 2 - Phase 11:
When we complete this phase we will no longer be pikers. Our account
of $5000.00 will have grown to over six figures. The goal for this phase
is 13 x $1200.00 = $15,600.00. Maximum risk per trade is now up to $1300
per trade.
• Daily goal is now up to $1,560.00
• NQ is now paying $260 per point
• 3 NQ points x 13 contracts = $780 and 2 winning trades a day makes
goal.
• 2 NQ points x 13 contracts = $520 and 3 winning trades a day makes
goal
When we have finished phase 11 the account balance has reached $107,600.
Phase 12:
The account is now a six figure account and this is where things will
really grow. We are beefing up to 14 contracts here which raises the risk
to $1400.00 per trade. Goal for this phase is $16,800.00.
• Daily goal now $1,680.00
• NQ now pays $280 per point
• 3 NQ points x 14 contracts = $840 and two winning trades makes
goal.
• 2 NQ points x 14 contracts = $560 and three winning trades makes
goal
At the end of phase twelve we have an account worth $124,400.00
Phase 13:
Time for 15 contracts. This is getting more fun with each step. Maximum
risk per trade is now at $1500.00 per contract. Goal for this phase is
15 x 1200.00 = $18,000.00.
• Daily goal now up to $1,800.00
• NQ now pays $300 per point
• 3 NQ points x 15 contracts = $900 and two winning trades a day
makes goal.
• 2 NQ points x 15 contracts = $600 and three winning trades a day
makes goal.
As this phase comes to a close your account will have grown to $142,400.00
Phase 14:
Moving up to 16 contracts, goal for this phase is 16 x 1200.00 = $19,200.00.
Maximum risk per trade is now $1600.00
• Daily goal for this phase is $1,920.00
• NQ now pays $320 per point
• 3 NQ points x 16 contracts = $960 and two wining trades a day
makes goal.
• 2 NQ points x 16 contracts = $640 and three winning trades a day
makes goal.
Successful completion of this phase brings your account to $161,600.00
Phase 15:
Seventeen contracts or bust. Goal for this phase is 17 x 1200.00 = $20,400.00.
Maximum risk per trade has grown to $1700.00 per trade.
• Daily goal for this phase is $2,040.00
• NQ now pays $340 per point
• 3 NQ points x 17 contracts = $1,020.00 and two winning trades
a day makes goal.
• 2 NQ points x 17 contracts = $680 and three winning trades per
day makes goal.
Completion of phase fifteen brings your account balance to $182,000.00.
Phase 16:
We are now increasing our original position size by a factor of 6, we
are up to 18 contracts. That makes our risk per trade now $1800.00. Goal
for this phase is 18 x 1200.00 = $21,600.00
• Daily goal has grown to $2,160.00
• NQ is now paying $360 per point
• 3 NQ points x 18 contracts = $1,080.00 and two winning trades
a day makes goal.
• 2 NQ points x 18 contracts = $720 and three winning trades per
day makes goal
Our accounts upon successful completion of phase 16 will have reached
$203,600.00. This from an initial base of $5,000.00. That’s a lousy
increase of 4072%!
Phase 17:
By now we have reached a level of confidence and determination heretofore
unknown to us. 19 contracts x 1200.00 and our goal for this phase has
reached $22,800.00. Maximum risk on each trade has grown to $1900.
• Daily goal is now $2,280.00
• NQ is now paying $380 per point
• 3 NQ points x 19 contracts = $1,180.00 and two winning trades
in a day makes goal.
• 2 NQ points x 19 contracts = $760.00 and three winning trades
in a day makes goal.
Having completed phase seventeen our accounts will have grown to $226,400.00.
We began this project as five thousand dollar pikers and we are now about
to become quarter million dollar non-pikers.
Phase 18:
Twenty contracts there, Tuff GUY! 20. Now we are talking some action.
Our risk on every trade now is up to $2,000.00 – so, we are being
damn picky and choosey about our entries. Goal for this phase is 20 x
1200 = $24,000.00
• Daily goal is $2400.00
• NQ is now paying $400 per point.
• 3 NQ points x 20 contracts = $1200.00 and two winning trades in
a day makes goal.
• 2 NQ points x 20 contracts = $800.00 and three winning trades
in a day makes goal.
The completion of phase eighteen will have brought the account to $250,400.00
Phase 19:
Moving up to 21 contracts. As we are at the half way point now, to our
initial quest. Each trade will carry a risk of $2100 bucks. 21 x $1200
= $25,200 and this is our goal for this phase.
• Daily goal for this phase is $2,520
• NQ is now paying $420 per point.
• 3 NQ points x 21 contracts = $1260.00 and two winning trades a
day makes goal
• 2 NQ points x 21 contracts = $840.00 and three winning trades
makes goal.
Are we having fun yet King? Completion of this phase will bring our accounts
to $275,600.00.
Phase 20:
Life is getting good here and we are going after 22 contracts now. The
risk per trade moves up to $2200.00 and the our goal for this phase then
is 22 x 1200.00 = $26,400.00
• Daily goal for this phase will climb to $2,640
• NQ is now paying $440 per point
• 3 NQ points x 22 contracts = $1,320 and two winning trades in
a day makes goal
• 2 NQ points x 22 contracts = $880 and three winning trades in
a day makes goal.
Having completed phase twenty our accounts will have grown to $302,000.00
Continue to page 3 ..
"It takes a man a long time to learn all the lessons of
all of his mistakes. They say there are two sides to everything.
But there is only one side to the stock market; and it is not the
bull side or the bear side, but the right side. It took me longer
to get that general principle fixed firmly in my mind than it did
most of the more technical phases of the game of stock speculation"
----from REMINISCENCES OF A STOCK OPERATOR |
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