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To make a good trading plan
Membre depuis Jun 22, 2020
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Mar 10, 2021 at 11:55
Membre depuis Dec 01, 2020
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cardigan posted:A trading plan must include how a trader will find and execute trades. It must also be clear in what conditions they will buy and sell securities, the position size they will take, and other rules like when to trade and when not to. As simple as that!
But what constitute a good trading plan?
Membre depuis Oct 26, 2020
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Mar 10, 2021 at 12:44
Membre depuis Oct 26, 2020
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leahmclaughlin posted:Along with all this, risk management and money management should also be a part of a trader’s plan.cardigan posted:A trading plan must include how a trader will find and execute trades. It must also be clear in what conditions they will buy and sell securities, the position size they will take, and other rules like when to trade and when not to. As simple as that!
But what constitute a good trading plan?
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Mar 11, 2021 at 10:22
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sailingconsist posted:100% true! From skill assessment and mental preparation to setting goals and trade preparation, there are so many things that you will have to consider when building a winning trading plan.leahmclaughlin posted:Along with all this, risk management and money management should also be a part of a trader’s plan.cardigan posted:A trading plan must include how a trader will find and execute trades. It must also be clear in what conditions they will buy and sell securities, the position size they will take, and other rules like when to trade and when not to. As simple as that!
But what constitute a good trading plan?
Membre depuis Jul 23, 2020
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Mar 14, 2021 at 06:46
Membre depuis Aug 11, 2017
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I have seen many expert consider scalping as a risky strategy. I am not willing to consider scalping as a risk for the newcomers, if the newcomers want to get maximal result by scalping with certainly they have to make sure first of all the currency pair which has lowest trading spreads, otherwise it can be a great risky
Membre depuis May 19, 2020
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Aug 24, 2021 at 17:39
Membre depuis May 19, 2020
posts 403
I do not understand what is meant when you say weakness. Are these errors in the trading system or lack of any knowledge? We need to figure out what these weaknesses can be connected with, because it is impossible to ignore them.
You can build your trading using only your strengths, but be prepared for the market to exploit all your weaknesses tomorrow.
You can build your trading using only your strengths, but be prepared for the market to exploit all your weaknesses tomorrow.
@Marcellus8610
Membre depuis Mar 16, 2021
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Aug 25, 2021 at 10:17
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LukeRachel posted:Unfortunately, not everyone who lost understands this and does not even try to look for their mistakes, thinking that the market is to blame for everything bad in the world
Of course, lessons should be learned from mistakes to strengthen weaknesses. If I make the same mistake again and again, I will not get a good profit by trading.
@Marcellus8610
Membre depuis Mar 16, 2021
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Aug 26, 2021 at 02:13
Membre depuis Mar 16, 2021
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MarcellusLux posted:The trader needs a plan to be successful. If there is a lack of a plan, it is very difficult to succeed.LukeRachel posted:Unfortunately, not everyone who lost understands this and does not even try to look for their mistakes, thinking that the market is to blame for everything bad in the world
Of course, lessons should be learned from mistakes to strengthen weaknesses. If I make the same mistake again and again, I will not get a good profit by trading.
Membre depuis Aug 26, 2021
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Aug 28, 2021 at 15:34
Membre depuis Jul 19, 2020
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@bridgekarate Yes newbie should spend time on developing knowledge and trading skills. Planning is a later part of trading.
Membre depuis Mar 16, 2021
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Aug 29, 2021 at 01:37
Membre depuis Mar 16, 2021
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bridgekarate posted:Exactly, first, you have to learn trading then you have to think of a plan.
Why bother wasting time on a plan especially if you are a newbie. That time is better spent learning and demo a trading. A newbie is probably going to write a bad plan anyway
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