I'm glad I have found the AIMS community, I've read and assimilated all the info required for me to start the first batch of the T20 Setup-1 journey. However, I am working on my trading plan to help me put this into action.
A bit about me; i am a finance student studying in the south of England, but I am fairly new to trading. I started learning about the markets in March 2020. I rushed-in, and started trading with the wrong mindset and like most new traders, quickly blew multiple accounts. So yea, I have a couple of blown accounts under my belt (I consider this a traders badge of honour
)Anyway, quickly realised i was on a dangerous path, and stepped away from the trading-side of the markets to learn some more on the educational-side, which was highly beneficial to me and helped improve my mindset. learning about price action and various theories (Dow, Elliot, Bill etc) has been thoroughly satisfying. i came across AIMS methods, and was quickly drawn-in by its simplicity, yet solid methodical approach to financial markets trading, based on the AIMs wave.
Right now, I am AIMing (-no-pun intended
-) to implementing the Setup-1 in tandem with the T20 principles, with the hope that; focusing solely on the-process will help solidify my trading mindset and help me achieve the 'care-free' probabilistic state-of-mind-approach to trading in the near future.I will continue to work on my plan, and also watch the helpful videos (dotted around the forums and on the youtube page) to continue my learning. In the meantime, a rough outline to guide the plan will be:
-Instrument: DAX
-Time Frame: M1 (M5)
-Sessions: Both Ldn and NY open
-Method: Setup-1,
-R:R: 1%
-Risk Parameters: Aims box with no more than 15 ticks for the box size range
-Trade Mgt: Entry using Pending orders (1 tick + spread above AIMs box). Exit when TP of 1R achieved or when SL of 1R is hit
-Trading a/c: I will aim to use a small trading a/c
-Timeline: I will trade this for the first T20 batch and aim for a DS score of at least 80%
Looking forward to the journey!
cheers
