Title: Trading Plans Post by: AAlex48 on May 01, 2018, 06:51:26 PM Do you when you trade set certain goals for the income?I believe that this prevents us from reasonably assessing the situation, pursuing the closure of the plan.But on the other hand, it gives you something to strive for.You should also not give in to greed and fear.
Title: Re: Trading Plans Post by: Ethan Becker on May 01, 2018, 10:22:09 PM Of course, I have personal trading plan. But for every coin I make % by technical and fundamental analyses - for some coins I will take profit on 10% for some on 50%.
Title: Re: Trading Plans Post by: mast3rm1nd on May 01, 2018, 10:33:04 PM you need to also have a trading strategy on how are you goin to achieve that goal, but I also think your question is too broad and cannot be answered without knowing what king of trading are you talking about, is it one trade or multiple ones or day trading or what ?
Title: Re: Trading Plans Post by: AAlex48 on May 02, 2018, 07:03:53 PM you need to also have a trading strategy on how are you goin to achieve that goal, but I also think your question is too broad and cannot be answered without knowing what king of trading are you talking about, is it one trade or multiple ones or day trading or what ? I'm talking about intraday trading, scalping.I prefer to follow the plan, but I would not want to run after him and eventually lose the rest.And if there is no achievement, a negative appears.Title: Re: Trading Plans Post by: mpufatzis on May 03, 2018, 09:26:34 AM I've made a plan too before I've started trading. Unfortunately, I was a very bad trader and I was losing money, so I stopped trading. The plan was easy, to take 1/3 back every time I could double the money. I've never doubled them, I lost more than half of them within a month. What I've learned (the hard way) is that it's very difficult to keep a plan, especially when you are losing money.
Title: Re: Trading Plans Post by: coinswebid on May 03, 2018, 09:43:08 AM trading plan is absolutely needed
so, if the markets go to others side, not like in your predictions you already have a plan, and know what should you do in any markets conditions Title: Re: Trading Plans Post by: wolffi on May 03, 2018, 09:50:59 AM Yes of course trading plan is needed, you'll need a target about how can you profit for a certain time this will avoid you from greed.
Happy Trading ^_^ |