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Episode 16 - Developing a Trading Plan with FT71

Behind the Screens

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Building a Solid Trading Foundation

This chapter underscores the necessity of a comprehensive trading plan, likening it to the preparation needed for a hot dog stand before operation. It highlights the importance of this plan in setting personal objectives, identifying weaknesses, and establishing a structured approach to trading. Additionally, the chapter explores the implications of funding, product selection, and risk management, emphasizing that a clear strategy is essential for successful trading.

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