New Trader Action Plan

This action plan is meant as an introduction to both Tackle Trading and trading itself. You won’t learn about options or strike prices in this guide. Rather, this plan focuses on helping lay a foundation for the mentality of trading, including finding your why of trading, the discipline it requires, and the like. Let’s begin!

1. Get To Know Tackle Trading

• Watch Site How-To series
• Introduce yourself to the Club House Forum
• Join us on Facebook
• Follow us on Twitter

2. Get To Know Yourself

Read and watch the following articles to start getting into the proper mentality of trading, as well as to figure out what kind of trader you’d prefer to be.

Proper Mindset

• Start With Why
• Finding Your Trading Motivation
• Keys To Your Success
• What Are The Financial Markets?
• Developing A Trading Identity

Your Daily and Weekly Routine

• Tackle Daily Routine
• Weekly Routine
• Pre-Market Routine

3. Get To Know Your Trading

Start paper trading

Set up a virtual account with a broker such as TD Ameritrade’s Thinkorswim. The virtual account will give you some thousands of fake money to play with and try strategies out with.

Here are a few trading platforms to choose from:

• Thinkorswim
• Fidelity
• Charles Schwab

Now start trading in your virtual account. Choose stocks and buy (or short) them. Then try exiting at a profit.

Developing Watch Lists

• Trading Basics: Watch Lists
• Finviz Screener Tutorial
• Finding Bullish Trades
• Finding Bearish Trades

Order Entry

• Long Stock Entry Order
• Short Stock Entry Order
• Thinkorswim Stock Order Entry

Developing a Trading Plan

Creating Your Own Trading Plan

Trading System Basics, Part 1

Trading System Basics, Part 2