monstapips's Trading Plan
Roughly how much time do you dedicate to developing your trading skills per week?
For now, I'll be focusing on reading and finishing all my tasks in the morning, while dedicating my afternoons to day trading the European session.
What kind of currency pairs do you trade?
I'm going to focus on the majors for now, trading just the EURUSD and GBPUSD. I will also take the EURGBP cross. I think these pairs are best suited, especially during my time frame (European session).
What motivates you to be a trader?
Well what motivates all traders? MOOLAH!
That of course, and being successful. But I think "being successful" comes hand in hand with making money. The only way I know I'm right is when I see the $$ grow in my account.
Using a percentage based on the value of your account, how much do you expect to make per month?
I expect to make 1% per week.
Which timeframe do you use most often?
I'm going to focus on day / scalp trading.
What trading-related goals do you have?
my goal is to make 1% a week. I think this is viable, as I'll be sticking to scalp / day trading. I just need to be consistent in my trading, while maximizing my winners.
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