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Here is an excerpt from our trading plan.
We didn't have time to elaborate much last night due to a family emergency, so we want to clarify a few things. It's important to discuss this before the crazy price actions post FOMC today.
Position Management: UpTrendPos and QuickPos
We've been trying to set specific time frames for our trading positions, and follow different position management rules for them. We have divided our capital into 2 positions.
UpTrendPos is designed to capture most of the Up Trend.
QuickPos is designed to capture the occasional big intraday or short-term swings.
The rest of this article covers how we plan to trade UpTrendPos and QuickPos today.
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