What is Trading Plane ?

[Cryptoababe]

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

[Oilacris]

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...😊♥️

A trading plan is just an idea on how you will invest any future money. To start with, you need to write down what kind funds you have available today, and how much money you can spend in the future. Let's say you have a decent job and can save 400 USD every month for investing. Then you should already have a short list of alt coins you can buy each month. The good thing with a trading plan for the next 6-12 month is that we don't need to do so much research every week, we can rely on our plan and just buy when we have the funds to invest.

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.

[bitgolden]

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...

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.

[carlfebz2]

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...😊♥️

A trading plan is just an idea on how you will invest any future money. To start with, you need to write down what kind funds you have available today, and how much money you can spend in the future. Let's say you have a decent job and can save 400 USD every month for investing. Then you should already have a short list of alt coins you can buy each month. The good thing with a trading plan for the next 6-12 month is that we don't need to do so much research every week, we can rely on our plan and just buy when we have the funds to invest.

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.

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.

[CryptopreneurBrainboss]

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

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.

[GreatArkansas]

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

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.

[RealMalatesta]

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.

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.

[sujonali1819]

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.

[fullhdpixel]

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

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.

[Lordhermes]

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.

[GeorgeJohn]

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...😊♥️

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.

[CryptopreneurBrainboss]

I would read more trading books whenever I'm done with my weekly target.[/i]

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.

[BitTraderCute]

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...😊♥️

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.

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.

[Xinarae*]

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.

[bitcub]

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.

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...😊♥️

[NewRanger]

That’s how he plan for trading and so be it, because everyone of us have our own trading plan what works for me might not be ok for you, so have your own way to become profitable in trading. Always have your plan and strategies, don’t just buy and sell know your timing as well. Have a simple plan in trading, be consistent and you’ll be good.

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.

[isaac_clarke22]

~

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.

[ethereumhunter]

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

What Is a Trading Plan?
A trading plan is a systematic method for identifying and trading securities that takes into consideration a number of variables including time, risk and the investor’s objectives. A trading plan outlines how a trader will find and execute trades, including under what conditions they will buy and sell securities, how large of a position they will take, how they will manage positions while in them, what securities can be traded, and other rules for when to trade and when not to.

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.

[justdimin]

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

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.

including learning about analyzing the market movements to know when you need to execute your trade, how much money you use to trade, etc.

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".

[wahyu wida]

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

What Is a Trading Plan?
A trading plan is a systematic method for identifying and trading securities that takes into consideration a number of variables including time, risk and the investor’s objectives. A trading plan outlines how a trader will find and execute trades, including under what conditions they will buy and sell securities, how large of a position they will take, how they will manage positions while in them, what securities can be traded, and other rules for when to trade and when not to.

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.

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