Hello - and welcome to Episode 4 in our series on Successful Trading. Previously, we’ve looked at the differences between Trading and Investing, Why We Need A Trading Plan – and the Elements of a Trading Plan. If you haven’t seen these, I think it’s worth going through to the archives and having a look, as they do cover some quite important concepts. In this episode, we’ll be looking at Entry Conditions. Consider this IPL trade. Entry early in September 07 at $3.10; exit mid-2008 some 9 months later at 7.60 – a profit of nearly 150. This is obviously one of the big ones – but how did it start? Your trading plan will have a set of entry conditions – criteria the stock needs to meet before you go spending your hard-earned money. We view these in 2 parts: Gates and Triggers. The best way to explain these is by example.