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To make a good trading plan
Anggota Sejak Jun 22, 2020
77 pos
Anggota Sejak Jan 11, 2019
147 pos
Anggota Sejak Dec 01, 2020
20 pos
Mar 10, 2021 at 11:55
Anggota Sejak Dec 01, 2020
20 pos
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?
Anggota Sejak Oct 26, 2020
33 pos
Mar 10, 2021 at 12:44
Anggota Sejak Oct 26, 2020
33 pos
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?
Anggota Sejak Jul 23, 2020
869 pos
Anggota Sejak Dec 01, 2020
20 pos
Mar 11, 2021 at 10:22
Anggota Sejak Dec 01, 2020
20 pos
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?
Anggota Sejak Jul 23, 2020
759 pos
Mar 14, 2021 at 06:46
Anggota Sejak Aug 11, 2017
886 pos
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
Anggota Sejak May 19, 2020
401 pos
Aug 24, 2021 at 17:39
Anggota Sejak May 19, 2020
401 pos
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
Anggota Sejak Mar 16, 2021
477 pos
Anggota Sejak May 19, 2020
401 pos
Aug 25, 2021 at 10:17
Anggota Sejak May 19, 2020
401 pos
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
Anggota Sejak Mar 16, 2021
477 pos
Aug 26, 2021 at 02:13
Anggota Sejak Mar 16, 2021
477 pos
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.
Anggota Sejak Aug 26, 2021
9 pos
Aug 28, 2021 at 15:34
Anggota Sejak Jul 19, 2020
751 pos
@bridgekarate Yes newbie should spend time on developing knowledge and trading skills. Planning is a later part of trading.
Anggota Sejak Mar 16, 2021
477 pos
Aug 29, 2021 at 01:37
Anggota Sejak Mar 16, 2021
477 pos
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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