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What is trading plan and how i can creat my trading plan and which this are evolve into it...

Everyone saying creat a trading but how i can creat...😊

Thank You so much if you help...😊♥️

It's very difficult to create plan of trading.But, i always try hold my coin for make profits.because, i'm short term traders and i always try to sell my coin little benefits.

You can only create trading plan if you already have enough knowledge about the market.
I can give you a simple plan for you to start your trading journey.

1. Collect information about trading, read books, watch youtube tutorial or attend trading seminar online.
2. Set your timeline, learn for at least 3 months or more depends on your skills to adopt such information.
3. Do some actual trading using a platform that enables you to practice trading.
4. Set up now your capital, and apply all the learning that you get.
5. Control your emotion, have a great mindset in trading.
6. Keep on Learning until you master Trading.


Its not easy to have a trading plan, you have to fully commit yourself and spend more time on learnings.
Don't rush making money in trading, this market is too risky for a greedy.

You have to change the title as you have an excess letter. I was baffled when I've read your title plane. But it's all clear that you're asking about a trading plan.

It's not that much to say what is a trading plan. That is the same as you are planning to do something and creating a strategy which you have to follow until you managed to execute and done it well. Plan from which coins you are going to buy and trade and hold.

When you have plans that means you expect prices to really happen. Say you will sell when the price breaks the ATH and then you wait till the price dips again before buying back. That's still a plan. Plans don't have to be complicated when it all sum up about wanted to profit. I think many of us have this kind of plan but with the rise of Defi, I think plans had changed already.

A trading plan is the step-by-step guide you follow whenever you want to take on new trades or manage existing ones. It's a guide that a trader makes and uses to find and executes their trades. It differs from a trading strategy and incorporates other trading components like risk and time management.

To be able to create a plan, you need to:

1. Be knowledgeable about trading - you don't have to be an expert: Technical, Fundamental and sentimental analysis even at the basic levels.

2. Have a trading journal - not 100% necessary but does come in handy.

3. Apply your knowledge of technical and fundamental analysis to a few trades. Make key observations and put them in your journal. Once done, you should be able to identify:

• Which assets you understand and can trade its price action (you don't have to trade randomly
• Which analysis tools works best for you
• which analysis tools doesn't
• The distinctive difference between your winning and losing trades

.

Once you've taken note of this, you should end up with a trading plan that should help you make better trading decisions.  It's kinda hard and tedious to make a trading plan. It's even harder to follow it.

^ Trading plan is very important in trading and avoids losses as much as you can because you have a plan. In trading just focus on the plan and not on the FUD. There are too many possible plans that you have set and it should be a win-win situation in the future. First, you should have a plan of when is the exit point to have a minimal loss. The second is, how to identify stop loss level, this is also very important in the trading plan. Nevertheless, that is a basic plan, you can do your own research about your personal plan.

in simple terms the trading plan is a number of points that are needed and that you need to prepare. master every aspect of your trade, knowledge, capital, mental and financial management strategies. but it's all quite complicated, even so, these points are indeed good to prepare, because later every decision and all actions taken are planned in a structured manner.
We have not been able to meet such criteria, so little by little we learn from each condition in different markets.
the main thing is knowledge and mental that need to be addressed.

Trading is partially follow the gambling, so you can make profit or loss at anytime. Because no one judge the future market so traders are always maintain the stop loss in crypto investment. If you want to make gradual profit in trading, actively monitor the market and Don't take emotional action in trading. The current market is perfect matching for trading, so you can learn the crypto trading and you can analyse the tokens and coins because both are important in trading segment.

If you want to implement trading plan, that means you are well verse knowledgeable in trading for sure.
But if not, I am pretty much sure that trading plan is not suitable for marketing strategy in crypto earnings.
So, if ever you want to apply it make sure you will get profit in the end.

It is possible and necessary to create a trading plan, but this plan will always change taking into account the volatility of the market, it is necessary to adhere to different strategies in the markets and not adhere to only one trading plan. Trading is unpredictable, especially for creating a trading plan.

Trading plans

- How much capital do you want to spend for your trading?
It will cause you to choose the good trading strategies for small or big capital.

- How many percent it accounts for your total capital?
Trading capital would be 10% to 30% of your total capital

- How long will you plan to use that trading capital in your life?
You should afford to lose the trading capital in bad trade. You must prepare to have other capital resources to use in your life in emergency. Trading is for short time but in bad situation, you can hold your coin in this bull market and wait for recovery. In bear market, you would take loss as fast as possible to avoid more losses.

- How about the loss amount you afford to lose at one entry price and how about the profit amount you aim at the entry price?
It would be 3:1 for profit: loss.

Yeah, it is indeed difficult to make a trading plan. Given that market conditions can change and market supply and demand can make the price of a currency increase or decrease. But at least maybe my explanation can help you about this trading plan.

A trading plan is a system, a set of guidelines used for making transaction decisions that will help traders achieve their goals. Trading plan is useful to help you focus on planning and executing a trading strategy. For a trader a trading plan is necessary to obtain consistent trading results.

Important things that must be considered in making a trading plan:

1. Determine the strategy for entry. Take the best way or technique from your experience applying various entry methods in various market conditions. For example, you choose a reversal pin bar in trending market conditions (for a price action strategy) with a moving average supporting indicator, then make sure that this condition is the best and most accurate for entry into trending market conditions when compared to other ways. Besides that you also have to understand the market situation and market sentiment, and to understand this requires flying hours.

2. Determine the risk / reward ratio. You must apply this risk management scenario to every position that you will take. Make sure you understand correctly about position sizing which is the most important part in determining risk.

3. Determine the position size according to the stop loss target. Position size can change according to the risk of stop loss per trade that we specify. The risk per trade should be determined before setting the stop loss level.

4. Determine an exit or take profit strategy. The exit target should also be determined before entry, according to the rewrd we agreed on. You shouldn't set an exit level when the trade is in progress, because our emotions tend to get involved when we trade without an exit target. We will be more objective when we don't have a position.

5. Keep a journal and notes for evaluation. We recommend that for every position that has been closed, both profit and loss are given a note to evaluate the quality of the strategies and plans that we have made, perhaps for us to improve in the future.

The way you create your own plan is to make your mistakes and don't be scared to do so. You can allow yourself to make little mistakes and you study such mistakes. If you study and grow in the mistakes you are then going to have to build upon the achievements on it. Having your own plan, you are strategically placed for profit easily because mistakes made will build you better.

You have to work hard for create a trading plan.

Cryptocurrency trading is risky.  So sometimes you can lose.

To make a good trading plan, check the project details and concept. If you see that their currency may be more in demand in the future, it may pump. And also look at the past price chart of that currency.

A trading plan is really necessary, but only the most general one. In addition, the plan should have many scenarios for different situations. After all, the market is unpredictable and everything can go as you please. I think a plan that is too harsh is stupid. Thus, we impose our scenario on the market, but this does not work that way. The market lives by its own laws and it doesn't care about the plans of some traders there. We must adapt to the market, not the market to suit us.

Because you venture into cryptocurrency you have to first have a trading plan you can't just go into trading without a trading pattern that works for you it might lead to lose of your fund which is very bad you have to develop the best trading plane which works for you in order to make a perfect income. Everybody has the pattern that works for them so you have to create your own and don't follow other people's pattern but the only pattern that I know that generally works for everyone is buying a coin when the price is low and selling when the price is high and you have to wait again for the price to drop and buy again and wait for the price to pump then you can sell again. As a newbie that's the best method you can be using before creating your own the method works for almost everyone and is kind of easy.

One of the very first steps to learn and practice is knowing what are support and resistance, how to identify them from charts and practice to use them for waiting buy orders and target to take profits.
➔ Bitcoin Support and Resistance for dummies (https://bitcointalk.org/index.php?topic=5263232.0)
➔ Golden cross and Death cross (https://bitcointalk.org/index.php?topic=5262421.0)

Many people only learn theoretically but don't apply what they learned practically. In practices, you will see many patterns, methods fail for you and you will have to choose the one that works best for you. When more experience (from trading time and losses), you will be able to mix a few methods and customize yours.

Exactly but it does take a lot of time.

You mean ‘trading plan’ right?

A trading plan is a method or strategy you use to trade cryptocurrencies. First, you should have a good trading plan. Only then you can make money from the crypto market and adapt to the market’s volatility.

How to create a good trading plan?
First, decide why do you need a trading plan.
If you are doing day trading, you need to spend more time, whereas it is not the same for swing trading or HODLing.
Your trading plan should be simple and SMART (specific, measurable, attainable, relevant, and time-bound.
Decide how much you are willing to risk. The risk-reward ratio helps to cut your losses and trade strategically.
Assess your crypto market knowledge and decide how much money are investing in trading.

If you want to create a trading plan, you need knowledge first before anything else, because without this thing it will be
hard for you to apply it. If ever you are knowledgeable here in crypto trading, well then you can able to create a plan for it.
Where you have a goal target for profit, were how many percent of earnings you are aiming and in what price you want to earn,
something like that.

Trading plan is having it in mind that you are wanna start trading to have profitable returns not gamble..
For a successful plan. You need to start with a demo account first and from there, you will know if you are good to go

When it comes to trading plan then it would be particular talks to;

1.Fund management
2.Risk management
3.Emotional handling
4. Market common indicator usage

You should really be mindful with these factors as if these things are the main ones that should be considered
first so that you would able to sustain yourself here on the market.

Nothing big deal here. A trading plan is all about how you are managing things.

It includes things like:
when you are going to trade like US session or UK or Asia session.
how much profit/loss you're going to gain/afford on daily basis.
how much risk is good to go with when you're picking calls.
and etc.

There should be everything at defined levels before you are opening any trade. So that you can handle those situations before experiencing market pressure. It is kind of you should be aware of everything well in advance so that you can handle situations more effectively for cutting your losses at minimum levels.

I would definitely follow up these check list when it comes on making trading plans which i would be saying to be that somewhat accurate

based off with experience which would really be needing to have when you are dealing on making out trades with this market.

Trading plan is something you do prepare for you to make out necessary steps for you to make money but of course dealing with this place

isnt something simple as it sounds.You would really be experiencing lots of things like trials and errors before you do succeed.

While demo is another way to go I believe if you aren't careful you might lose your way with demo, demo make you takes risks that if you try in live account might end you in losses. You can basically put in some few dollars to serve as motivation not to lose as if you were to lose those few dollars you can lose thousands more, that way you'll be very determined to succeed as executing a profitable trade.

If you have perfected the skills of trading, you don't have to b afraid and to have a successful trading plan, one most have had the skills of trading understood to some extend. A trading plans has to do with your buying in point, take profit or stop loss in case the market doesn't go as you have predicted.

If you don't have all this in your plans then it's as good as you just gambling on the casinos out there. You must know when to sell as if you allow greed take over your emotions, you'll end up losing the profits that you have already achieved.

Trading is not easy, not a joke since it involves money. A trading plan is one of the important things in trading.
Trading plan is like a gun and a bullet in a war, you go to war without a gun and a bullet, you are useless.

Glad that you are aware of a trading plan, keep it up. Once you already have one, another difficult task or practice is maintaining the trading plan you have, like sticking with it and getting used to it. Since your trading plan may not work in a lot of your trades at the beginning, but as time goes on, you may find how will use it properly.

Trading plans are not only for cutting your losses early but also for maximizing your chances for profit-making. I mean you should focus on both of these things so that you can make consistent profits out of crypto trading. We need to be proactive for profit hunting rather than being defensive by being avoiding losses while trading. Being proactive while trading indicates that our plans should be in a way of finding more opportunities to make profits on all possible situations.

Honestly we can get rid of all these hassles if we choose hold term based trading rather than trying to catch short term swings. All type of trading, we must need good plans but long term based trading will give you enough time to make changes or not require your immediate attention due to any of sudden changes in market conditions.

Trading plan means actually a list of direction which is previously made by you so that you don't make any fault during trading. Basically we all do some plan for future, but after few days we start to forget one by one or most of them. But someone list them in a note book/in digital device and keep it in safe to follow it in future. Then there is a very less chance to forget them and the task will be according to your plan.

So for doing such thing you must have some experience in trading, You must have to knowledgeable in crypto otherwise you list some false activity too and it causes loss in future.

I would say that having a trading mindset and having a trading plan are two very different things.

You may have a trading mindset but without a proper plan, you cannot execute and cannot convert your thoughts and feelings into cash. While if you have a trading plan but you don't have the mindset yet, you will make some profits but will fail to sustain them for longer because you don't have the patience or the mindset to stick with it.

A successful trader requires both, a good mindset such that you give yourself time to groom and a good trading plan where you have some leverage for bad trades and a backup plan to recover the lost funds.

What do you think it's the backup plan, isn't it extra funds available in your fiat stored somewhere when the market is at red condition, this is used to buy when the dip is heavy to recover the lost so far if the price pump unexpectedly, because selling at loss won't let you benefit from trading.

In everything you do in life, there always has to be a plan to back it up. There is a saying that when you fails to plan, you are planning to fail. This is why one needs trading plan in order to guide them doing trading. Lemme show you how my trading plan looks like.


MY TRADING PLAN

I would earn 100% of my trading equity in a period of four weeks

I would make 25% of my initial capital in one week.

For any consecutive losses, i will half my chosen lotsize.

I would not trade more than 7 markets in a day.

If i have more than five loosing trades in a row, i would take a break
for 2 consecutive days to study my strategy and the market.

I would withdraw 50% of my account to invest in non forex business.

I would never risk more than 4 percents of my account in a single trade.

I would read more trading books whenever I'm done with my weekly target.

Is this a trading plan, I'm finding it difficult to see how it fit into what the OP is asking about. Trading plans show revolve around what you do in a trade or to excute a trade which you have already highlighted some with your reply but this I quoted above shouldn't be among. Reading trading related books is needed to improve your trading skills, it should be in that category.

In your trading plans, things needed are entry point, exit point, amount willing to risk, calculated risk, backup plans etc incase your trade doesn't favour you. This is one of the reason may traders get rekted because they don't have plan B. They just invested all their funds and time into their current trade that if things doesn't favor then, they get so depressed that they have to give up.

This is example for trading plan , and you should add another reason to complete plan. in my plan i also add the reason why i open transaction in market , and i draw the chart in my plan in order if i make mistake i could take a lesson from it. this list could be very helpfull if we dicipline to run it.

A trading plan is to learn the market well before trading and move forward according to the plan so that it is possible to trade successfully. Trading plan removes the anxiety of making bad decisions out of emotion your emotions can do the wrong thing when it comes to money it's definitely not what you want the way to avoid this is to reduce your thinking and make a plan for every movement in the market without talking about giving. With a trading plan you will be ready for anything in the market.

Heres my 2 cents, first you need to learn how to read the charts. You also need to learn about price action. Once you have this knowledge, you can plan your trades. Next learn what cryptos are you going to buy. You must learn when to trade BTC to USD, or when is the time to trade BTC and ETH.

each traders have their own way to set up trading, they have many strategy that involved trading system , money management which is different each other. for example for money management , cut loss be my choice but for other traders it will not meet with their trading type. Arrange as simple as trading plan that suitable with our own character dont ever influenced by other trader, it will not help us for long term purpose.

My first few days of day trading were kind of a joke since it was all losses anyway.
What I meant by joke is that I tried really hard to follow as a newbie but still ended up in just all losses.
Traded few below top 10, but didn't exclude toppers but it was all still a.....meh.

You can read what is trading plan here: https://www.investopedia.com/terms/t/trading-plan.asp


From that article, you need to learn how to find and execute trades and know when you should enter the market. There are many more you need to learn to have a trading plan, including learning about analyzing the market movements to know when you need to execute your trade, how much money you use to trade, etc.

Start trading with demo account and observe what you are doing correctly and what you are missing to make profits. Those right things and what you are missing both need to be combined and you need to follow all of them strictly. This way you can create your own trading plan. This is nothing but set of do's and don't's. In my opinion, it mush easier to have trading plans but it would be really too hard to follow them with all discipline.

Learning the technical and fundamental analysis could be separated from trading plans but how you make use of the signals you get from your analysis and how many positions and how much risk levels kind of things need to be decided before entering into live market and following them is "trading plan".

and what we have to learn besides the time to enter and exit the market, we must also be able to anticipate if the analysis does not go according to plan, because it is important so that our capital remains safe, cuts losses and can look for opportunities to return to the next market movement

But you do not have to enter the market if you are not sure about the condition because you put yourself in danger. With a trading plan, you will know what you need to do related to the market situation, not risk your money and prevent the loss. Even if you lose, you will know when you should use the stop loss feature not to get a big loss.

If you ask me then in my opinion in crypto currencies too volatile to make an exclusive plan trading. There obviously few of the coins for example, BTC, ETH, BNB who are very promising. You can hold them for the long term trading positions. While on the other hand there are hundreds of altcoin who may or may not turn out as per your expectations. You can't just plan for them because it's high risk based plan. In real world, buying a share for xyz company can be pre-planned based on the facts like companies position in the world, it's employee, products, popularity, government relationships and much more. It can give you clear vision of the company and thus value for the share of company.

This is not that is in case of Crypto. I would suggest holding short term positions if you wanna make any plan to hodl, day trade and stake etc.

Yeah, there should be different phases of trading plans:
pre-plan -- the preparation phase for getting ready to trading.
actual plan -- how you are going to execute in live markets with the help of what you learned in pre-plan phase.

Mostly what we do dream about profit making in pre-plans may not get full filled in live markets as market fluctuations are beyond our imaginations and also TA and FA are not as effective as we do expect. So, trading plans are just a roadmap on how you are doing to perform but the results from your trading may vary and depend on your skills and experiences.

Do you have any reference links for this? I mean it would be helpful if you share the information on from where you found these things so that I could learn more on this. I agree that trading plans must be consisting of different phases and the final one should be on how we encounter with live markets and all other plans should be the preparation phase for live markets.

Yeah, plans never guarantee you any profits but may help you to prevent frustrating moments. Because, with the help of pre-determined things you can take right decisions even under pressure of market. Most traders do panic out of market pressure and start obeying to their emotions.

right, with the same plan it will not necessarily produce the same amount of profit, this depends on each trader's vision and intuition. therefore it is important to be confident in what we see, so that we do not regret the actions we have taken. especially with experience, we seem to automatically have feelings for the market, with the behavior of the candle that is formed

Creating a trade plan is when you trade what you see based on a detailed analysis from your technical or fundamental analysis. For technical traders it's beautiful to have at least three confirmation before taking up a trade. Always avoid trading a single confirmation pattern because it only gets you stuck in a trade.

To draft out a plan you have to know how to interpret what your chat is presenting before you by:

• Define the trend(market structure)

You should know the direction of the market if it's moving up, down or sideways by using
Trend lines
Moving averages

• Then you should have an Area of value

You should know a point where the market retests a major zone by using
Support and resistance
Trend lines

• Lastly have an area of Value

This majorly your candle stick confirmation which could be reversal or continuation candles
[/list]

Always ensure you trade what you see.

That is the hardest thing about trading, you can have one exact plan and give it to 100 different people and that same exact thing will not have the same impact on the people exactly the same, all those 100 will have a different result.

This is why I think it is obvious that we should not look for the perfect plan in some other persons teachings, because there won't be any that is perfect for us, only the people who think that we should do what works for them and just because it works for them doesn't mean it will work for us as well.

It is a hard concept and I understand that many people have difficult time making their own and that is why they are working with other people to build their own, that makes sense if you have no idea how to do it yourself and if you test out enough examples eventually one of them may work for you as well, but it is going to be costly to do that.

That's true and it happens because everyone has their own ability to take risks and even when 100 people walk down the same path, some will reach their destination faster than others and some would even fail to reach it at all.

There cannot be a specific trading strategy that works for anyone unless it includes some kind of trick that usually doesn't last for long. Trading can be considered as life. You make mistakes and learn from them to improve your actions next time under the same circumstances. One who learns faster and possibly looks at others to learn will be more successful.

There are basics about trading you can and should learn from videos and online articles but the true trading knowledge will only come after you make mistakes.

Everyone comes with a trading plan but most of fail to execute it. We all know that we have to  buy from support, don't rush into trades and always use stop loss, but when it comes to the actual trading then most of the traders do not follow these rules and take emotional trades which usually result in the loss.

The first basic plan for every new trader is to trade in spot but most of the newbies go straight for future trading because they see more scope of making money in future trading.

Trading plan is a way to ensure safe funds without risking too much or too small. It is a set of rule that guide one from trading and making decisions about the market. This rules are set by an individual to guide through risks, stop lose, take profit and patterns use in trading. A lot of new traders are not always conscious about their plans which contains all rules guiding individual trade.

Indeed, in trading the most difficult thing to manage is emotional, even though we already have a plan that has been prepared in advance, sometimes we are not disciplined, thus violating the plan. for me the most important thing is that we must learn to be consistent with the initial plan, so that we can evaluate our trading progress

I think it is very natural for us to make mistakes when trading, because sometimes there are situations where we are influenced and get out of
the original plan. It is not easy to maintain our emotions when trading, therefore to succeed in trading requires a long process. We have to learn
many things to understand how to make a good plan to be able to make profit from trading, so the most important thing is never to give up when
we fail in trading. Keep on trying fixing the mistakes we made, I believe in the end people who want to learn from their mistakes will be able to
make a successful trading plan.

A trading plan is a must for everyone and you're right most of the new traders are not conscious and aware enough to make a rigid plan and stick to it. Being a trader is as serious as maintaining a business hence one must have a well defined plan and the mentality to stick with it even when the market is unfavorable.

There could be a lot of things you should include when making a trading plan but some of the crucial things are:

1- Time & Capital management
2- Recovery planning along with alternative plans
3- Tools required for trading and the knowledge to use them

Well, that obvious to see many traders keep on losing because they just underestimate trading and don't have a plan. But of course, it is not just having a plan we can say that we become successful, it needs a proper execution and stick to the plan. if that we fail to follow the process, that pretty sure we know what will be the possible ends and that still a losing ends.

PLAN + EXECUTION + CAPITAL = PROFIT

We all have a different style in trading and as well as strategies that is why we also have different results.

I think the difference between pre-planning and actual planning is that while you are pre-planning, you may consider a lot of points since you are looking at all the viable options and during the actual planning phase, you can cut out the options which are either not realistic or are risky enough to be avoided. It's like preparing a plan for a trip, you mark many destinations but when you actually visit, you cut out some of them to save time and money.

No plans and planning can ensure profits neither any plan can be foolproof such that there is no chance for loss, there will always be a possibility of loss but planning is done to reduce the amount of risk and maximize the profits. For someone who is trading in free time or as a secondary task to make extra income, I think they don't need all the planning.

I think this is very good information for new traders and investors in this market but at the same time practical experience is very important also to proceed forwarded. Anybody wants to build career in this platform need more and more experience and that can start with small investment or gather knowledge from experience person. I think he will be gainer.

I think being disciplined about the trading plan that has been prepared in advance is also an important step, because many of us violate the plans that have been made, and end up regretting ourselves. Besides that, it is true that indicators are not always correct in giving signals, therefore we must understand how to use them

Well, trading plan could mean different things to different people but in all, they all perform one single function which entails, getting you off the path to loses. Yeah, that's basically what a trading plan does and as such, its a guide that helps you keep track of your trading and determine when a trade is considered okay or when its actually going against you and you need to get out. So, a trading plan is morenlike a guide of your own making as its all about your satisfaction.

To draft a trading plan, you ought to have some personal experience most of all with the market. You must have traded the market for sometime and found out what actually works with you, estimate how much ROI or lose that you can endure in a day, week or month and be okay with or not be affected. Hence, you build a pattern about that point, together with your strategy of trading the market and you just might have a trading plan.

Trading plan may vary depending on the person because each and everyone of us have different things to consider to come up into a plan with regards to our trading which mostly concerns financial aspects since management of your budget is the top most priority upon doing trading because your aim is not just to earn profit but also to survive with the rude market of crypto wherein there is a greater chance of losses than gains. Trading plan may differ depending on how you wish to execute your strategy to come up into a desirable result that you have simulated via technical analysis or by just your logical assessment alone.

After a trading strategy comes in a trading plan whenever a trade is going to be executed it has to follow a trading plan laid out by the trader.
1. Where to place a stop loss and take profit

2. Trail a profitable trade to earn a good return

3. Risk managing a trade according to the plan

4. Existing a trading whether it is at loss or in profit

5. Money management is also very important

Those points are to be considered in a trading plan this becomes necessary to avoid trading blindly which might culminate to massive loss all these has to be formulated by the individual traders.

This is true because there are things that do differ on each trader/investor.

-Trading skills/experience
-Budget
-Decisions

Come to think that there are strategies might work on others but not on you because execution would be entire different
from each person so outcome would really vary.

Exactly and this is what many just coming into the Industry are failing to realized. They get caught up in making quick money that they fall victim to the market volatility. Traders off this days aren't dedicated to they skills, they're just after the quick money they see on social media from the so called professional traders who are merely trading but just living a fake life.

Just like on crypto twitter, hardly before you see anybody losing unless it's the losing season that they all go uploading how the market is affecting them but ones the bulls comes, you'll see the all uploads from different angles of their trades been successful.

If you don't have a trading plan and new to the markets then you can start with basic just buying low and selling high without having to put other factors into consideration that might come in m future due to your trading plans.

And aside from that, it matters on the coin we've used. More often, traders will change their mindset once they got outplayed by the market volatility and sometimes think that we're hopeless. Once we got into a negative mindset, our decision-making will be getting worsen. A lot of people have experienced this one, they are in heavy trouble and they never know exactly what they do next.

But how I deal with frustration, I stop trading for a while and relax my mind out from crypto. Try to recover our mindset as it nothing happens if we continue to trade when the situation remains like this.

Buy low sell high and this is a basic stuff but it isnt something a common strategy on where everyone could pull off.There would be tons of things to consider first before you do able to get the right step.
This cant even be done on a short span of time when you do make out such changes or simply enhancing your skills on dealing with the market but somehow it doesnt mean its impossible.
Trading plan is recommended because trading into something without having much knowledge or skills then that would surely be ending up on a disaster but
thinking about those mistakes are learning steps on making yourself to improve more.

Well, a trading plan is a very important factor in trading. The most important is your trading set goals and then set a trading set risk level and the last one is the exit plan, when you will experience heavy losses, there should be an exit plan to avoid further losses, not unless if you are a long term holder.
The fact that there is no guarantee that we can make money in trading so that we should have a perspective plan so that in every action there should be a plan. Trading plan it seems this is your guide and always remember that you have a goal.

I didn't say it's easy but everyone can pull it off, you're simply buying a coin when it's low, wait for it to raise and sell. All coins falls and they also raise. Avoid any of the hype and fomo ongoing and stick to buying coins when they're done instead of chasing it when it's already been hyped.

One thing about traders is that you don't have to care about the fundamentals of the projects before trading them. You're basically just in for the money, as a traders you can get the best out of any projects out there, you can ride the hype (although very dangerous), make your profits and move on.

What makes many new traders end in losses is because they chase after hyped/overpriced projects, they buy high and are forced to sell low as to reduce their losses. If only they did buy when the price were low and wait for a raise to sell, then the story would be different. This is basically a start and can be done by all willing to learn how to

The plan never works if we don't use it. Trading is not only having a good plan but it is more on strategic thinking, as the market moves in different directions, the more we get trick and find it hard what we do next but because we have a plan, it saves us. But as I said that it moves up and down, we shouldn't just rely on a single plan but have back-up already for another plan.

However, we can't be confident enough that since we have a plan it works fine and have a profit assurance as this will not warrant anything. And we can't hide the fact that we can still be at loose ends.

The first thing we have to do is what technique we want to use, whether we use the indicator we choose, or use a trend line, or a combination of both, after that we can draw a framework for the pending order area as well as the take profit area. then we just need discipline to run the framework, will the result be take profit or cut loss

The trading plan is to master the strategies before starting the trade follow the trading charts to know how to succeed in trading strategy. The trading plan also has so many detailed trading strategies that it is impossible for the rest of your trading career to stick to just one but of course, every trading plan should have only one trading strategy together which means you should update it frequently if you want to change the strategy. Remember that passion has no place in business.

A trading plane is a way of discovering and trading stocks that takes into account a variety of factors such as time, risk, and the investor's goals. To be successful in trading, you must have a plan. It's just as crucial to know when to exit a transaction as it is to know when to enter it. The trading plan should include stop-loss prices and profit targets.

A trading plan is a systematic process to identifying ,trading securities that takes into a number of variables, time, risk and objectives. It is a systematic way to proceed. Trading plan is a researched and written document that guides a trader's decisions and investor's goals.

trading plan is name of system and method of your trading to identify your risk and objectives and  trading plan is give help to traders in any conditions when they can buy and sell assets and help to how they manage there position in any condition and understand to what time suitable for trade many people recomandid that if you have not a good plan then this is a risky and keep way from trading if you have a good plan and make some good profits then you need to improve your plan to next level and learn and make basic plan for entry and exit from trading and invest your spacefic fund to trading not a all funds.