Page 264 - ART® Study Manual html5 - flash

® “Home-Study Course” Study Manual Page 264

________________________________________________________________________

Use “The Trader’s Assistant™” system to track:

1. Average profit per winning trade
2. Average loss per losing trade
3. Ratio of commission cost to profit earned
4. Margin liabilities
5. Percent of profit and loss

It is beneficial to have your system in place before you begin to make
live trades. Trading is a fast paced business and your record keeping
can easily get away from you if it is not considered a priority.

7. Your New Trading Job

Consider yourself an employee of this new company and map out what
your new job will be like. Specify how many days a week you will work,
how many hours per day, will you take vacation, how will you manage
sick days and what kind of performance reviews will there be and when
will they take place? How will you create accountability? Last but not
least, are there retirement benefits and health care benefits in place?

Don’t neglect doing a business plan. If you don’t do one or feel it is not
necessary, think again. It is vital. Another added benefit to this
exercise is that you are instilling within yourself the discipline needed to

________________________________________________________________________________________________

Copyright © 2012 TradersCoach.com, Inc. All rights reserved. Any reproduction and/or electronic
transmission of this document is prohibited without the prior written consent of TradersCoach.com

and is a violation of international copyright law. AR-1021-04-06.