Trading Plans

[AAlex48]

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.

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[Ethan Becker]

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%.

[mast3rm1nd]

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 ?

[AAlex48]

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.

[mpufatzis]

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.

[coinswebid]

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

[wolffi]

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 ^_^