What is Trading Plane ?

[WaqasBlaze]

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...😊♥️

[rokon1234]

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.

[goaldigger]

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.

[jossiel]

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.

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 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.

[target]

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.

[nelson4lov]

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 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.

[DoublerHunter]

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...😊♥️

^ 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.

[Sterbens]

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.

[TinaK]

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...😊♥️

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.

[kram31]

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...😊♥️

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.

[MIner1448]

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.

[OcTradism]

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.

[Sinjokubhi]

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.

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.

[palle11]

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...😊♥️

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.

[repear7]

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.

[Julien_Olynpic]

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.

[Issa56]

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.

[OcTradism]

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.

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
➔ Golden cross and Death cross

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.

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.

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.

Exactly but it does take a lot of time.

[william_mathews]

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.

[kramchers]

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...😊♥️

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.