Counter Punch Trader www.netpickscounterpunchtrader.com/

This is assuming you've done allyour homework

You are set to risk real money in the markets and grow your trading

account

Which market and time frame will I

trade?

What time does my trading day start?

What are the risk parameters I will use

to protect my account?

2 steps forward and a 1 step backwards

progression

Stick to yourproven trade plan

Review your back test and the draw downs

that occurred

Markets such as Nasdaq, Forex minis

and the Dow are ideal for new traders

$500 - trade forex micros

$1,000 - trade one forex mini

$5,000 - trade 1 Nasdaq (NQ) e-mini/one Dow (YM) e-mini

$10,000 - trade one Russell (TF) e-mini, or one forex

standard contract or one soybeans (S.C) contract

$20,000 - trade one DAX (FDAX) contract

$15,000 - trade one crude oil (CL) contract

Once you've doubled your trading account consider adding in another contract

You back test the trading system and

time frame and have 100+ trades logged

Average daily return 1.0 point or $100

Assume all fees and slippage are included

You've logged 50 trading days and your

account has grown from $5k to $10 000

It only takes 25 days to get another $5000 added to your account

While this is possible in the real world of

trading, it is not as simple as this.

BUY BUY BUY!!!

Greed will have you pushing your trades when all signs are

pointing to the exits

You find out that trading is all about

the individual

You will act unprofessional

It would be a wise idea to expect your trades to have a negative

outcome

It will force you to stick to your risk

parameters

You may experience draw downs that will

set your compounding of contracts off for the

immediate future

Missing out on the "two steps forward"

If you were in a position to trade 6 Russell contracts -each tick = $60

10 points of draw down is no longer just $1000, but is $6000

Reduce your risk per trade which will enable you to better handle

the higher dollar amount losses

You may be looking at risk percentages of

between 5-8 to enable you to place a trade

It will certainly be much easier to take positions and the

losses that will come

1.Follow your rules

2.Back test your trading system

3.Ensure proper risk protocols

Start reducing your risk when you can

Stay disciplined and with full trust in your

trading system