Trading Success Business Plan

Millionaire Traders Program

Confidentiality Statement

It is understood that the material contained herein is the exclusive property of The Trading CoachAustralia and may not be reproduced, copied or otherwise duplicated or distributed without the prior written permission of The Trading Coach.

It is further understood that this material is confidential and should not be used for any purpose other than as intended and expressly designated by The Trading CoachAustralia.

Do Not Distribute or Copy

Why Do You Want to Trade?

What are your Greatest Fears about Trading and You as a Trader?

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These are Your Challenges. What takes your attention away from
Your Focus and; Ultimately, Your Results.

What do you want to Achieve from Trading?

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This is Your Focus What Drives You to Achieve the Results You Want

What do you think are Your Positive / Negative Motivators?

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How Do You Normally Deal with Negative Influences?

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My Goals

Personal

Long Term

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Medium Term

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Short Term

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Financial

Long Term

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Medium Term

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Short Term

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My Goals (part 2)

Health

Long Term

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Medium Term

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Short Term

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Trading

Long Term

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Medium Term

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Short Term

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My Trading Routine Example

Clarify your thoughts and identify potential roadblocks for that Session.
Commit to following the LIFT Trading Method rules.
Confirm your trading goals for the day (at this stage, this would be to learn as much from this session as you can about the indicators, your structures and LIFT Method rules)
Trade with the intention of being professional, by minimising distractions, keeping limiting conversations to a minimum and complete your Trading Diary for each Trade.
Identify Entry Point Criteria by reading your Chart Analysis Handbooks Trading Method
Conduct Top Down Analysis - Determine Daily Trend & overbought / oversold, using your Daily, Hourly & 15 Min Charts
Be aware of overbought oversold status indicators on the 1 Minute and 3 Minute Charts
Draw in Trend Lines and ensure Pivot Points are on the 15 min chart.
Draw in your Fibonacci lines on the most recent price run and see whether these lines are Price Action responsive (price is stalling and/or reversing at these points). If not, locate Fibonacci points that are Price Action responsive.
Determine what would need to happen at this point to indicate a Trade Entry Point
When looking for a Trade Entry Point, ask yourself:

“Why I should enter this trade?”

When Indicators confirm valid Trade Entry point, identify whether or not your Stop Loss is tight enough to give you an acceptable Risk / Reward Ratio.
If the Stop Loss is within accepted range, enter the Live Trade with detachment.
When with either you have hit your 10 Pip Clear Profit, the indicators on 3 minute chart indicate a Trade Exit Point, or your Stop Loss is triggered, You can Exit the Live Trade.
If your Exit reason is that you hit your 10 Pip Clear Profit Target, look at your indicators and evaluate whether (objectively) price is likely to continue to move in that direction.
If you determine that there is a high probability of Price continuing, it is valid to continue the Trade with a “follow on” Paper Trade. A “follow on” Paper Trade will help you develop your skills at determining the strength and completion of a price movement and prepare you to “milk” Trades at higher position sizes.
Document your Trades (Live Trade and “follow on” Paper Trade) in your Trading Diary
Screen Print your Trades (Live Trade and “follow on” Paper Trade)
Carefully look at whether it is valid for you to continue to Trade for the Session or whether you should “call it a night”.

New TraderTrading Plan

My Focus isLEARN - Understanding and Applying the LIFT Trading Method

My Structures are:My Trading Business Plan.

My Weekly Action Plans.

My Completed Trading Diaries

The Results are:Initial Trading Plan Completed

- My Focus, (Goals)

- My Trading Schedule

- Completion of “Business & Environment” Plan.

Completing Trading Diary Consistently for Every Trade.

Estimated Time Frame to Progress to Next Stage………………………………………….

My Education Plan

Self…………………………………………………………………………………….…….

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Market…………………………………………………………………………………….…….

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Finance…………………………………………………………………………………….…….

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Trading…………………………………………………………………………………….…….

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My Trading Targets

Starting Trade Value ……………… Micro / Mini Contracts

Target Pip Value Per Trade……………… Pips

Number of Trading Method Trades………………

Positive Trade Percentage………………%

Percentage of Profit Compounded………………%

Completed Trading Diary100%

MY TRADING PLAN FOR PERIOD TO .

OBJECTIVES

The 3 most important Learning Results from Live Tradingthat I want to achieve as a New LIFT Trader are:

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WHAT SKILLS & HABITS DO I HAVE THAT SUPPORT MY OBJECTIVES?

I have demonstrated the following skills and habits that support my achievement of the above results:

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WHAT SKILLS & HABITS DO I NEED TO DEVELOP TO ACHIEVE MY OBJECTIVES?

I need to develop the following skills and habits to support my achievement of the above results:

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NON-TRADING GOALS FOR THE PERIOD TO .

Personal

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Finance

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Health

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Community

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What Resources do I have Available to Me to Achieve My Objectives?

Other LIFT /Millionaire Traders Program Community Members

My LIFT Workshop Handbook

My LIFT Workshop Chart Analysis Books

The Internet (recommended web sites)

PRINCIPLES BEHIND MY TRADING PLAN

Why Do I Want to Trade The Foreign Exchange?

………………………………………………………………………………………………………

What Markets Will I Trade?

Initially, I will develop my trading skills by trading the GBP/USD currency pair at the following times:

London Open (approx 07.30 GMT to 10.00 GMT)

and / or

New York Open(approx 12.30 GMT to 15.00 GMT)

Why do I Plan to Trade These Markets?

The experience of traders who use TheLIFT Trading Method is that the …….….. Currency Pair generally makes the largest movements at ………………….. time

I will also be aware of upcoming News in relation to the currencies in this pair by keeping an up to date list of Announcements for the above trading times

How do I intend to trade?

I willDemo /Live Trade using my ………… Account using only The LIFT Trading Method - trading only …… contract with minimum leverage and taking a……… Pip Clear Profit each Trade.

Statistics have shown only The LIFT Trading Method is successful in the hands of proficient traders in greater than 80% of trades.

I will trade from a space of Professionalism and Detachment and will encourage and support others in only The LIFT Trading Member Community to trade from the same space.

I will develop my skills, abilities and habits to support my commitment to become a Profitable, LIFT Trader.

I will identify any of my sabotaging habits and will accept guidance from members of the LIFT Program and my Coach to address and set aside these habits.

I will undertake all assignments, actions and coaching recommendations given to me by my Coach.

How Often Will I Trade?

I intend to trade on the following days:(tick the boxes).

Month 1 ……………………………20……

Week Commencing .

London NY LondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Week Commencing .

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Monday  Tuesday  Wednesday   Thursday  Friday  

Week Commencing .

London NYLondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Week Commencing .

London NYLondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Month 2 ……………………………20……

Week Commencing .

London NY LondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Week Commencing .

London NYLondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Week Commencing .

London NYLondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Week Commencing .

London NYLondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Month 3 ……………………………20……

Week Commencing .

London NY LondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Week Commencing .

London NYLondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Week Commencing .

London NYLondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Week Commencing .

London NYLondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Month 4 ……………………………20……

Week Commencing .

London NY LondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Week Commencing .

London NYLondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Week Commencing .

London NYLondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Week Commencing .

London NYLondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Trading Indicators and Tools that I need to learn:

My Coach and I have identified the following areas for knowledge development:

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How will I address these learning needs improve my trading proficiency?

I will re-read my Chart Analysis Handbook completely by

………/………/………

I will write down any questions that I have about the indicators that are not covered in the Handbook and ask my LIFT / Millionaire Traders Program members or my Coach via the Millionaire Traders Program Private Facebook Group.

I will practice the following aspects of Trading to achieve effectiveness as a NewLIFT Trader:
Trading Psychology – Structures for Success
Developing Effective Structures for Time & Effort Management
Consistency as an Access to Sustainable Profit
Basic Position Management – Introduction to Expanding the Context to Profitability

Millionaire Traders Program Members

I will review the trading books, Training Videos & Articles on the Membership Site
I will watch the Weekly Market Wrap Up Videos
I will develop my skills by participating in Scheduled Events

Trading Environment Set up

I will designate a specific area of my residence to be used exclusively for my Trading Business. This space will have the following:
All equipment necessary for professional trading. It will be kept current and will be clean and well maintained to ensure professionalism at all times
All reference material necessary for professional trading including:
The LIFT Program Handbooks
Recommended texts
Current announcement calendars
My Trading diary
Pens and ruler
Paper
Phone that is not reliant on mains power

The office will be maintained so that it is free of all distractions.

Record Keeping

All trades will be recorded in my LIFT Trading Diary for future analysis of:
Practices that support my objectives
Practices that do not support my objectives
I will complete and My Weekly Action Plan and email it to my Coach each week (LIFT / Millionaire Traders Program Members).
“Learning from My Successes” & “Learning from My Challenges” Sheets
Necessary taxation records

My Roadblocks, Challenges and Solutions

What Challenges I Expect

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Structures I will use to Maintain My Focus in the Face of My Challenges

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What Challenges I Didn’t Expect

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How I Overcame the Challenges that I Didn’t Expect

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What I Acknowledge Myself for Accomplishing when Faced with My Challenges

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Learning From My Successes & Challenges

This table will record the valuable lessons that I learn from my Successful & NegativeTrades. It is an inventory of the actions, thoughts and conversations that I had which resulted in positive results. I commit to recording these learning experiences and I commit to reading this table every day prior to my Trading Session, Thereby committing to memory every lesson learned. I will rigorously follow each rule created for myself from these newfound lessons, knowing that maintaining professional focus on my trading is the key to my Financial Freedom.

Date & Time / Lesson Learnt & Structure Created

Consistent Trader Trading Plan

My Focus isLEARN to EARN – Consistent application of Trading Method to produce
Consistently High Percentage of Profitable Trades

My Structures are:My Trading Business Plan.

My Weekly Action Plans.

My Completed Trading Diaries

The Results are:Initial Trading Plan Completed

- My Focus, (Goals)

- My Trading Schedule

- Completion of “Business & Environment” Plan.

Completing Trading Diary Consistently for Every Trade.

My Education Plan

Self…………………………………………………………………………………….…….

…………………………………………………………………………………….…….

Market…………………………………………………………………………………….…….

…………………………………………………………………………………….…….

Finance…………………………………………………………………………………….…….

…………………………………………………………………………………….…….

Trading…………………………………………………………………………………….…….

…………………………………………………………………………………….…….

My Trading Targets

Starting Trade Value ……………… Micro / Mini Contracts

Target Pip Value Per Trade……………… Pips

Number of Trading Method Trades………………

Positive Trade Percentage………………%

Percentage of Profit Compounded………………%

Completed Trading Diary100%

Estimated Time Frame to Progress to Earning Stage………………………………………….

MY TRADING PLAN FOR PERIOD TO .

OBJECTIVES

The 3 most important Learning Results from Live Trading that I want to achieve as a ConsistentLIFT Trader are:

………………………………………………………………………………………………………

………………………………………………………………………………………………………

………………………………………………………………………………………………………

………………………………………………………………………………………………………

………………………………………………………………………………………………………

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WHAT SKILLS & HABITS DO I HAVE THAT SUPPORT MY OBJECTIVES?

I have demonstrated the following skills and habits that support my achievement of the above results:

……………………………………………………………………………………………………………

……………………………………………………………………………………………………………

……………………………………………………………………………………………………………

……………………………………………………………………………………………………………

……………………………………………………………………………………………………………

……………………………………………………………………………………………………………

WHAT SKILLS & HABITS DO I NEED TO DEVELOP TO ACHIEVE MY OBJECTIVES?

I need to develop the following skills and habits to support my achievement of the above results:

……………………………………………………………………………………………………………

……………………………………………………………………………………………………………

……………………………………………………………………………………………………………

……………………………………………………………………………………………………………

……………………………………………………………………………………………………………

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NON-TRADING GOALS FOR THE PERIOD TO .

Personal

………………………………………………………………………………………………

………………………………………………………………………………………………

………………………………………………………………………………………………

Finance

………………………………………………………………………………………………

………………………………………………………………………………………………

………………………………………………………………………………………………

Health

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………………………………………………………………………………………………

………………………………………………………………………………………………

Community

………………………………………………………………………………………………

………………………………………………………………………………………………

………………………………………………………………………………………………

What Resources do I have Available to Me to Achieve My Objectives?

Other LIFTProgram Community Members

My LIFTWorkshop Handbook

My LIFTWorkshop Chart Analysis Books

The Internet (recommended web sites)

PRINCIPLES BEHIND MY TRADING PLAN

Why Do I Want to Trade The Foreign Exchange?

………………………………………………………………………………………………………

What Markets Will I Trade?

Initially, I will develop my trading skills by trading the GBP/USD currency pair at the following times:

London Open (approx 07.30 GMT to 10.00 GMT)

and / or

New York Open(approx 12.30 GMT to 15.00 GMT)

Why do I Plan to Trade These Markets?

The experience of traders who use The LIFTTrading Method is that the …….….. Currency Pair generally makes the largest movements at ………………….. time

I will also be aware of upcoming News in relation to the currencies in this pair by keeping an up to date list of Announcements for the above trading times

How do I intend to trade?

I will Live Trade using my ………… Account using only The LIFTTrading Method - trading only …… contract with minimum leverage and taking a……… Pip Clear Profit each Trade.

Statistics have shown only The LIFTTrading Method is successful in the hands of proficient traders in greater than 80% of trades.

I will trade from a space of Professionalism and Detachment and will encourage and support others in only The LIFT/ Millionaire Traders Program Member Community to trade from the same space.

I will develop my skills, abilities and habits to support my commitment to become a Profitable, LIFTTrader.

I will identify any of my sabotaging habits and will accept guidance from members of the LIFT& Millionaire Traders Program and my Coach to address and set aside these habits.

I will undertake all assignments, actions and coaching recommendations given to me by my Coach.

How Often Will I Trade?

I intend to trade on the following days: (tick the boxes).

Month 1 ……………………………20……

Week Commencing .

London NY LondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Week Commencing .

London NYLondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Week Commencing .

London NYLondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Week Commencing .

London NYLondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Month 2 ……………………………20……

Week Commencing .

London NY LondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Week Commencing .

London NYLondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Week Commencing .

London NYLondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Week Commencing .

London NYLondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Month 3 ……………………………20……

Week Commencing .

London NY LondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Week Commencing .

London NYLondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Week Commencing .

London NYLondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Week Commencing .

London NYLondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Month 4 ……………………………20……

Week Commencing .

London NY LondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Week Commencing .

London NYLondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Week Commencing .

London NYLondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Week Commencing .

London NYLondonNY London NY London NY London NY

Monday  Tuesday  Wednesday   Thursday  Friday  

Trading Strategies and Mindset Structures that I need to learn:

My Coach and I have identified the following areas for knowledge development:

………………………………………………………………………………………………

………………………………………………………………………………………………

………………………………………………………………………………………………

………………………………………………………………………………………………

How will I address these learning needs & improve my trading proficiency?

I will read……………………………………………. and research ……….………………… …………………………………………………………………………….….during this phase.

I will write down any questions that I have about the trading and mindset strategies that are not covered in the materials and ask my Coach for guidance.

I will practice the following aspects of Trading to achieve effectiveness as a ConsistentLIFTTrader:
Trading Psychology – Structures for Success
Consistently Applying Effective Structures for Time & Effort Management
Consistency and Compounding as an Access to Sustainable Profit
Advanced Position Management – Introduction to Expanding the Context to Profitability

Millionaire Traders Program Members

I will review the trading books, Training Videos & Articles on the Membership Site
I will watch the Weekly Market Wrap Up Videos
I will develop my skills by participating in The Scheduled Catch Up Events

Trading Environment Set up

I will designate a specific area of my residence to be used exclusively for my Trading Business. This space will have the following:
All equipment necessary for professional trading. It will be kept current and will be clean and well maintained to ensure professionalism at all times
All reference material necessary for professional trading including:
The Program Handbooks
Recommended texts
Current announcement calendars
My Trading diary
Pens and ruler
Paper
Phone that is not reliant on mains power

The office will be maintained so that it is free of all distractions.

Record Keeping

All trades will be recorded in my LIFTTrading Diary for future analysis of :
Practices that support my objectives
Practices that do not support my objectives
I will complete and My Weekly Action Plan and email it to my Coach each week (LIFT/ Millionaire Traders Program Members).
“Learning from My Successes” & “Learning from My Challenges” Sheets
Necessary taxation records

My Roadblocks, Challenges and Solutions