WHY DO WE NEED A TRADING PLAN ?

[befriendmywater]

I really realized my mistake through your article. I seem to have let my emotions control my portfolio. I was greedy and did not place a sell order at the target I wanted, I also did not place a stop loss to avoid risk.
thank you, seems like i will become a professional investor after reading your article.

[mornabo]

I really realized my mistake through your article. I seem to have let my emotions control my portfolio. I was greedy and did not place a sell order at the target I wanted, I also did not place a stop loss to avoid risk.
thank you, seems like i will become a professional investor after reading your article.

Because in trading, what happens on the market will not always be in accordance with your expectations. Thats why the plan is needed so you can face any price changes and any conditions that will occur. sometimes you can be greedy when certain conditions, too brave to wait, and so on. a plan is made so that you can follow the analysis you have done

[iv4n]

I really realized my mistake through your article. I seem to have let my emotions control my portfolio. I was greedy and did not place a sell order at the target I wanted, I also did not place a stop loss to avoid risk.
thank you, seems like i will become a professional investor after reading your article.

Because in trading, what happens on the market will not always be in accordance with your expectations. Thats why the plan is needed so you can face any price changes and any conditions that will occur. sometimes you can be greedy when certain conditions, too brave to wait, and so on. a plan is made so that you can follow the analysis you have done

Bravo, in crypto market you need to expect unexpected. You can have only one long term plan and that`s holding, day trading plan is something you need to be able to change in a second if situation demands that. In long and short term trading you need to be able to avoid making emotional decisions, in long term every drop will hurts more than it should, in day trading you will miss good timing for selling or buying cause you had feeling that price can go higher or lower.

[akram143]

Each and every people experience different kinds of things in every trading moment so making the one plan will give the exact thing that you have to decide previously so don't follow any other strategies or any other plants because it will not suitable for you if you are not fixing to it that's why I am saying this making own plan will be successful.

[kennen1113]

I really realized my mistake through your article. I seem to have let my emotions control my portfolio. I was greedy and did not place a sell order at the target I wanted, I also did not place a stop loss to avoid risk.
thank you, seems like i will become a professional investor after reading your article.

Because in trading, what happens on the market will not always be in accordance with your expectations. Thats why the plan is needed so you can face any price changes and any conditions that will occur. sometimes you can be greedy when certain conditions, too brave to wait, and so on. a plan is made so that you can follow the analysis you have done

Exactly, sometimes the market will not follow what we want and of course, an unexpected situation will make us take wrong actions but if we have a plan and are ready for it, we just need to follow the plan, we will not need to be confused and try to find ways to solve the problem because the answer has been set, applied to complete the job. In addition, the plan will always be a good way to prevent greed because our emotions cannot penetrate our thoughts when we have a plan, the plan as a rule to suppress greed

[emberbekas]

Each and every people experience different kinds of things in every trading moment so making the one plan will give the exact thing that you have to decide previously so don't follow any other strategies or any other plants because it will not suitable for you if you are not fixing to it that's why I am saying this making own plan will be successful.

With the plans and strategies that we build ourselves, naturally we will get a sense of what we do - the plans can unite with our minds. So that we will understand in dealing with situations that might arise when we trade, both in bad situations and in the good one. Without a plan, of course we will oscillate and tend to act reactively to everything that happens which for sure will give us an uncertain destination.

[ToyotaFortuner]

Each and every people experience different kinds of things in every trading moment so making the one plan will give the exact thing that you have to decide previously so don't follow any other strategies or any other plants because it will not suitable for you if you are not fixing to it that's why I am saying this making own plan will be successful.

when they experience important moments at the exchange they should be able to make it an important lesson because we know experience is the best teacher who can help you to become a successful person.

[Fredomago]

Each and every people experience different kinds of things in every trading moment so making the one plan will give the exact thing that you have to decide previously so don't follow any other strategies or any other plants because it will not suitable for you if you are not fixing to it that's why I am saying this making own plan will be successful.

when they experience important moments at the exchange they should be able to make it an important lesson because we know experience is the best teacher who can help you to become a successful person.

Your owned personal experienced will gives you a good hint whether to what position you'll going to take, strategy will be effective if you already have a good glimpse to its possible results, sometimes making a lots of combinations and feel yourself the actual scene inside the market will give you much precise decisions to make.

[Activitycoin]

Each and every people experience different kinds of things in every trading moment so making the one plan will give the exact thing that you have to decide previously so don't follow any other strategies or any other plants because it will not suitable for you if you are not fixing to it that's why I am saying this making own plan will be successful.

when they experience important moments at the exchange they should be able to make it an important lesson because we know experience is the best teacher who can help you to become a successful person.

Pre planned trading shows the smartness of the traders, as those traders who has no idea what they are doing and how long they will have to hold then this kind of trading leads to lose so better if we have plan to become a trader try to make plan and then enter the market on right time, as at low price and hold for long term trading.

[beerlover]

I really realized my mistake through your article. I seem to have let my emotions control my portfolio. I was greedy and did not place a sell order at the target I wanted, I also did not place a stop loss to avoid risk.
thank you, seems like i will become a professional investor after reading your article.

Do not be too hard on yourself mate lol, those mistakes are what will eventually make you to be a good trader, when it comes to greed, it really takes time and determination to fight it off, I have read so many articles on greed in trading a lot of times and sometimes, I still get caught up in it a little, some greedy actions of mine has actually helped me while some failed me totally but I don’t want to keep gambling with my emotions.

So right now, I go into trading, use my analysis to place my order and sell it immediately my analysis tells me to do so no matter how little the profit is and I have learnt to quickly take my eyes of it so that I don’t end up regretting my action when I eventually see how much I would have gained if I had not taken that step of selling it.

[DeadCoin]

So right now, I go into trading, use my analysis to place my order and sell it immediately my analysis tells me to do so no matter how little the profit is and I have learnt to quickly take my eyes of it so that I don’t end up regretting my action when I eventually see how much I would have gained if I had not taken that step of selling it.

I do go with my analyzes as well. At times yes as you said, i decide to end up with little profits. This yes, seriously makes me satisfied the value goes down the moment i sell, but feel bit worse when the value goes up more. This was my learning. Since then, i just went about appreciating me for taking a decision on the right time even though the profit was less. Hence, be ready to accept the loss and start learning from it. Do not get away. Fight and become strong.

[AmoreJaz]

I really realized my mistake through your article. I seem to have let my emotions control my portfolio. I was greedy and did not place a sell order at the target I wanted, I also did not place a stop loss to avoid risk.
thank you, seems like i will become a professional investor after reading your article.

Do not be too hard on yourself mate lol, those mistakes are what will eventually make you to be a good trader, when it comes to greed, it really takes time and determination to fight it off, I have read so many articles on greed in trading a lot of times and sometimes, I still get caught up in it a little, some greedy actions of mine has actually helped me while some failed me totally but I don’t want to keep gambling with my emotions.

So right now, I go into trading, use my analysis to place my order and sell it immediately my analysis tells me to do so no matter how little the profit is and I have learnt to quickly take my eyes of it so that I don’t end up regretting my action when I eventually see how much I would have gained if I had not taken that step of selling it.

sometimes you dont need to use any analysis at all for so many altcoins.
 short lived coins such as pnd or mn coins dont need a meticulous trading plan..you just need to know the right moment when to enter and when to exit their market. and guess what? if you failed to sell your coins, you will end up bag hodler. but if you hit the right spot you will get a lot of profit. trading technical analysis doesnt work on them. it is how well do you know the market and the coin.

[Denton]

Very interesting information. I agree with you. Any study should be structured. And trade must be carried out according to the plan.

[XCANA]

Because without a trading plan profit will hard to come by. Trading is more of skills/strategies than investment, so, haven the skills and strategies guarantee a trader awesome profits. Although some trading plans could need to lose but in a minimize form than when trading plans are not in place.

[BUK2016]

I believe that you have sound reason why one will need trading plan for you to be successful in trading crypto currency but the most difficult aspect of these plans is proper execution of the plan that is the major problem.

[Finestream]

I believe that you have sound reason why one will need trading plan for you to be successful in trading crypto currency but the most difficult aspect of these plans is proper execution of the plan that is the major problem.

Exactly.Trading plan can be a big help in making our own trading a successful one but since the condition of the market varies from time to time so most of the things that are inside the plan cannot be followed.But as long as you know what you are doing and have enough knowledge on trading,then you will still gain profits with your own strategies in trading.

[Bijikopi]

Trading without any trading plan will ve the same thing we jump in to gambling, because trading plan possible to minimize the risk and to maximum the profit. No one trader possible to make profit by consistenly without any trading plan.

I agree with your opinion. like we want to fight, we need the right strategy if we don't want to lose the war, so careful preparation and market dominance is very important, one of which is to make regular observations and want to learn from our seniors and ask for guidance if we feel we cannot enter trade, the value of crypto currencies is strongly influenced by the world economic situation, so our predictions must be right in our time to sell and buy.

[mrdeposit]

Cryptos are volatile and having a plan for each case can solve a lot of problems causes by traders without any plan. Plan your trades and trade your plans. Just my 2 cents.

[nydiacaskey01]

Cryptos are volatile and having a plan for each case can solve a lot of problems causes by traders without any plan. Plan your trades and trade your plans. Just my 2 cents.

...and don't forget to always stick to your plans. This is common problem of newbies when they see a sudden spike of price if BTC, they assume that it will continue and keep holding until the price drops like a fly, end of the story they are holding a priced coin or token which will take time again to recover. Stick to the plan.

[Ipwich]

This is a risky venture and therefore it needs to be carefully plan.
When trading, you are predicting the price movement so you can buy and sell successfully, and that requires a plan and continues improvement
of your strategy. You cannot just trade directly, there's a timing for everything and that says it requires a plan.