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This section describes briefly the routine
tasks of my trading business. Every trading day I do a routine check up
which consists of checking if there are any reports or events that may
influence trading during the day. I check economic calendar from Yahoo
and take note about the time of any events or reports going out during
the day. Next thing I connect to my trading platform and backfill the
charts. When I spot a trading opportunity on the price chart using my
trading methodology I would initiate a trade. Note that you have to be very selective in choosing which signals
to accept and which to reject taking into account probability of the
trade to be successful. If you don't do that you may as well fully
automate your system and let your computer do the job of taking all
signals. In fact I test run automated systems on my back up computer
using paper trading account and real time data. You can watch a play
back of the trading session with automated entries and exits in the link
"Auto trading". In the real time trading entries and exits are done
manually or automatically with order management software. The
exit strategy is carried out according to the plan. After closing the trade all necessary records are being kept in a set of
forms. You can see the trading forms that I use for trading futures by clicking on the buttons
on this page and you can print or copy them if you like to.
There is
a substantial risk of loss in trading futures and options
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