WHY DO WE NEED A TRADING PLAN ?

[samycoin]

Build yourself a trading plan that will guide you in the market, and this is actually the most effective way to actively remove the loss transactions due to emotion. 

That's true because most are the problem in trading is not only a losses but also the emotions. If we want really want to trade we need a plan to how we can manage well our assets and also how to hold our emotions.

[Ipwich]

Build yourself a trading plan that will guide you in the market, and this is actually the most effective way to actively remove the loss transactions due to emotion. 

That's true because most are the problem in trading is not only a losses but also the emotions. If we want really want to trade we need a plan to how we can manage well our assets and also how to hold our emotions.

Trading plan is just a plan, your emotion is separate because that's how you manage yourself in trading.
That plan will only be useful if you can effectively do it, provided you have a working plan, if you are not good in managing your emotion, that plan would be useless.

[panjay]

it's important like you said, from my experience it's more good for my mental state to have a certain rule, like selling at loss, avg down etc. You don't know for sure the price will go up or down so making a rule will make your plan keep in order.

[carlisle1]

All of the things that included on your post are really good to remember every day that we are dealing with trading especially for the beginners 'cause most of the time they often forget or they actually don't have a trading plan that its leading them to a bad outcome of their trades. Having a trading plan is part of our discipline which can really help us to become a good and successful trader.

[gabmen]

Build yourself a trading plan that will guide you in the market, and this is actually the most effective way to actively remove the loss transactions due to emotion. 

That's true because most are the problem in trading is not only a losses but also the emotions. If we want really want to trade we need a plan to how we can manage well our assets and also how to hold our emotions.

Trading plan is just a plan, your emotion is separate because that's how you manage yourself in trading.
That plan will only be useful if you can effectively do it, provided you have a working plan, if you are not good in managing your emotion, that plan would be useless.

I think it's the other way around. Having a solid plan can help reduce the influence of your emotions since there's something you can follow. Regardless of what the market movement is, if you have a plan and is resolved to follow it, it's easy to make rational decisions.

[crzy]

Build yourself a trading plan that will guide you in the market, and this is actually the most effective way to actively remove the loss transactions due to emotion. 

That's true because most are the problem in trading is not only a losses but also the emotions. If we want really want to trade we need a plan to how we can manage well our assets and also how to hold our emotions.

Having a good plan sometimes is too hard to implement because of that emotion, after having a good trading plan you must know when to execute it well. Trading without plan is really useless, better for you to invest and hold until you satisfy yourself to take the profit. Planning is very important, same thing with investments and any businesses. 

[bitbunnny]

If you don't have a plan and especialy a back up plan you might face some issues that you wouldn't be able to deal with. It's important to set some goal as well as plan how you will get there but with predictions of possible difficulties and how will you challenge them.
We all know that trading is risky and sooner or later you will face the loss too. So you have to have a plan how will you recover and how much loss you can take without major consequences.

[jonhn772]

It's must need to become a successful trader. Trading plan help us to make our trade success for which we can get much profits from trading. So we should make trading strategy.

[syamster]

it is very important for a trader to have a trading plan, because with that it will be able to determine the rules and how to play we trade. if there is no trading plan, it will cause us to walk in no direction.

Exactly, plan is important to achieve our goal, without planing we are walking on a way without thinking. Planning, information and capital, these are our needs to get profit from trading. Altcoin Trading is best platform where we make money easily, if we know the rules of trading.

Planning applies to everything we do. There’s nothing you do that doesn’t require planning. It is the same thing as having a business plan on how you’re going to run your business. If you don’t have a plan on how to trade and how to manage your capital in trading, you’re hardly going to benefit from trading, and you will be losing most of the times.

Having trading plan has it’s ways of benefiting a trader. By creating a trading plan you’re creating rules that you will adhere to and also how you’re going to implement those rules in trading . With your trading plan you make your market analysis better, before applying them to your strategy in trading.

Yeah right before doing anything we really need to have a plan as when we went out for holidays we will have to make plan and before going somewhere we will have to make plan take suggestions then we take step, them trading is very important thing and it is making our life really good so we will have to make good plat and before that make sure you have proper knowledge about trading.

[fibrolit]

I have a very simple trading plan.I take a few coins with a small capitalization. I choose according to the schedule those tokens that are at the bottom of the price and buy them.Then put a sell order 20-40% higher. Within a month or two, the order is triggered. There are exceptions when the token goes into minus for a few months, but since 80-90% of orders are triggered, I still earn.

[KlepZ]

I would estimate that 95% of the people I’ve coached in the last 15 years have not had anything closely resembling a trading plan. My first trading plan consisted of buying pullbacks above or below a 100 period moving average and exiting after an average daily or weekly movement was seen.

[syamster]

I would estimate that 95% of the people I’ve coached in the last 15 years have not had anything closely resembling a trading plan. My first trading plan consisted of buying pullbacks above or below a 100 period moving average and exiting after an average daily or weekly movement was seen.

Yeah it is important to have trading plan and that 5 percent of people who are not using any plan to trade well are not the real traders, they needs to know it is our benefit if we move step by step in trading and fix everything pre planned, it reduced the chance of lose and you will be aware of what will happen you will be able to go through any bad situation patiently.

[Bagaji]

Trading plan is not only needed by crypto currency trading but whatever you do in life require proper planning for you to succeed. I love the all the point you present above in relation to trading plan for a successful crypto currency trading career.

[jhonjhon]

Trading plan is not only needed by crypto currency trading but whatever you do in life require proper planning for you to succeed. I love the all the point you present above in relation to trading plan for a successful crypto currency trading career.

It definitely having a big role in trading, this  actually serves us a guide of where to to go and sticking into the plane will give us chances to succeed of what we aiming for. Many traders fails because they don't have a plan or never used it, but of course we need to have some adjustment as we never know the market flows which could affect our plans.

[xvids]

What you mentioned can be said to be true, but the most difficult thing is to do what has been planned, and point number 3 is a pretty difficult thing for me to do because losing is greatly affects us mentally.

Totally agree with you it is easy to plan something but doing what you plan and as you plan it isn't easy.
What's the point in planning if you couldn't even do what you plan?
We need a plan to help us , to be our guide to know what should we do next.

[goaldigger]

You will not go to war without any plans on how to win unless you wan to suicide. Same as in trading when you should always have plans on every action or decision youve made. With this you can increase the probability of making the right desicions because you even have a plan B for failing.

[samcrypto]

Trading plan is not only needed by crypto currency trading but whatever you do in life require proper planning for you to succeed. I love the all the point you present above in relation to trading plan for a successful crypto currency trading career.

If you don't want to fail big then having great plan is always good. In life, we make plan everyday just like celebrating our own birthday we make plan on that. Same thing with trading, having your specific plan will make you effective on trading. Don't just go for a war without having any plan how to beat your enemy. Its very rare to see people who have no plan with their lives.

[conected]

You will not go to war without any plans on how to win unless you wan to suicide. Same as in trading when you should always have plans on every action or decision youve made. With this you can increase the probability of making the right desicions because you even have a plan B for failing.

- Of course, planning is always a necessity from business to life, we cannot operate without a plan because if we work without a plan, it's that we're just working on emotions, agreeing that emotions will sometimes be accurate but most of the time, it will lead us in the wrong direction, wrong direction in life will be a waste of time but when in the wrong direction in business, wasting time is normal but wasting a lot of money is very serious. Therefore, always create a plan before participating in trading, which will help us limit loss, increase winning rate, emotions will not affect us

[BeGoods]

Build yourself a trading plan that will guide you in the market, and this is actually the most effective way to actively remove the loss transactions due to emotion. 

That's true because most are the problem in trading is not only a losses but also the emotions. If we want really want to trade we need a plan to how we can manage well our assets and also how to hold our emotions.

The plan is so important that you can move and move on track. Right, like when prices fall, while you have a plan to survive and sell at
the price target you made, the plan will keep you calm and make a panic decision..

[Dr.Osh]

You will not go to war without any plans on how to win unless you wan to suicide. Same as in trading when you should always have plans on every action or decision youve made. With this you can increase the probability of making the right desicions because you even have a plan B for failing.

well, in this matter of course we need a plan to avoid big losses. besides, without a plan, we can get a big loss. some people don't know what they should do when prices become unstable. it certainly makes them a loss.