What is Trading Plane ?

[Hamphser]

Trading plan may vary depending on the person because each and everyone of us have different things to consider to come up into a plan with regards to our trading which mostly concerns financial aspects since management of your budget is the top most priority upon doing trading because your aim is not just to earn profit but also to survive with the rude market of crypto wherein there is a greater chance of losses than gains. Trading plan may differ depending on how you wish to execute your strategy to come up into a desirable result that you have simulated via technical analysis or by just your logical assessment alone.

This is true because there are things that do differ on each trader/investor.

-Trading skills/experience
-Budget
-Decisions

Come to think that there are strategies might work on others but not on you because execution would be entire different
from each person so outcome would really vary.

[1715473600]

1715473600

[CryptopreneurBrainboss]

To draft a trading plan, you ought to have some personal experience most of all with the market. You must have traded the market for something and found out what actually works with you,

Exactly and this is what many just coming into the Industry are failing to realized. They get caught up in making quick money that they fall victim to the market volatility. Traders off this days aren't dedicated to they skills, they're just after the quick money they see on social media from the so called professional traders who are merely trading but just living a fake life.

Just like on crypto twitter, hardly before you see anybody losing unless it's the losing season that they all go uploading how the market is affecting them but ones the bulls comes, you'll see the all uploads from different angles of their trades been successful.

If you don't have a trading plan and new to the markets then you can start with basic just buying low and selling high without having to put other factors into consideration that might come in m future due to your trading plans.

[Maslate]

...

This is true because there are things that do differ on each trader/investor.

-Trading skills/experience
-Budget
-Decisions

Come to think that there are strategies might work on others but not on you because execution would be entire different
from each person so outcome would really vary.

And aside from that, it matters on the coin we've used. More often, traders will change their mindset once they got outplayed by the market volatility and sometimes think that we're hopeless. Once we got into a negative mindset, our decision-making will be getting worsen. A lot of people have experienced this one, they are in heavy trouble and they never know exactly what they do next.

But how I deal with frustration, I stop trading for a while and relax my mind out from crypto. Try to recover our mindset as it nothing happens if we continue to trade when the situation remains like this.

[Fatunad]

To draft a trading plan, you ought to have some personal experience most of all with the market. You must have traded the market for something and found out what actually works with you,

Exactly and this is what many just coming into the Industry are failing to realized. They get caught up in making quick money that they fall victim to the market volatility. Traders off this days aren't dedicated to they skills, they're just after the quick money they see on social media from the so called professional traders who are merely trading but just living a fake life.

Just like on crypto twitter, hardly before you see anybody losing unless it's the losing season that they all go uploading how the market is affecting them but ones the bulls comes, you'll see the all uploads from different angles of their trades been successful.

If you don't have a trading plan and new to the markets then you can start with basic just buying low and selling high without having to put other factors into consideration that might come in m future due to your trading plans.

Buy low sell high and this is a basic stuff but it isnt something a common strategy on where everyone could pull off.There would be tons of things to consider first before you do able to get the right step.
This cant even be done on a short span of time when you do make out such changes or simply enhancing your skills on dealing with the market but somehow it doesnt mean its impossible.
Trading plan is recommended because trading into something without having much knowledge or skills then that would surely be ending up on a disaster but
thinking about those mistakes are learning steps on making yourself to improve more.

[Ryker1]

Well, a trading plan is a very important factor in trading. The most important is your trading set goals and then set a trading set risk level and the last one is the exit plan, when you will experience heavy losses, there should be an exit plan to avoid further losses, not unless if you are a long term holder.
The fact that there is no guarantee that we can make money in trading so that we should have a perspective plan so that in every action there should be a plan. Trading plan it seems this is your guide and always remember that you have a goal.

[CryptopreneurBrainboss]

If you don't have a trading plan and new to the markets then you can start with basic just buying low and selling high without having to put other factors into consideration that might come in m future due to your trading plans.

Buy low sell high and this is a basic stuff but it isnt something a common strategy on where everyone could pull off.There would be tons of things to consider first before you do able to get the right step.

I didn't say it's easy but everyone can pull it off, you're simply buying a coin when it's low, wait for it to raise and sell. All coins falls and they also raise. Avoid any of the hype and fomo ongoing and stick to buying coins when they're done instead of chasing it when it's already been hyped.

One thing about traders is that you don't have to care about the fundamentals of the projects before trading them. You're basically just in for the money, as a traders you can get the best out of any projects out there, you can ride the hype (although very dangerous), make your profits and move on.

What makes many new traders end in losses is because they chase after hyped/overpriced projects, they buy high and are forced to sell low as to reduce their losses. If only they did buy when the price were low and wait for a raise to sell, then the story would be different. This is basically a start and can be done by all willing to learn how to

[Hypnosis00]

Well, a trading plan is a very important factor in trading. The most important is your trading set goals and then set a trading set risk level and the last one is the exit plan, when you will experience heavy losses, there should be an exit plan to avoid further losses, not unless if you are a long term holder.
The fact that there is no guarantee that we can make money in trading so that we should have a perspective plan so that in every action there should be a plan. Trading plan it seems this is your guide and always remember that you have a goal.

The plan never works if we don't use it. Trading is not only having a good plan but it is more on strategic thinking, as the market moves in different directions, the more we get trick and find it hard what we do next but because we have a plan, it saves us. But as I said that it moves up and down, we shouldn't just rely on a single plan but have back-up already for another plan.

However, we can't be confident enough that since we have a plan it works fine and have a profit assurance as this will not warrant anything. And we can't hide the fact that we can still be at loose ends.

[Xampeuu]

The first thing we have to do is what technique we want to use, whether we use the indicator we choose, or use a trend line, or a combination of both, after that we can draw a framework for the pending order area as well as the take profit area. then we just need discipline to run the framework, will the result be take profit or cut loss

[Xinarae*]

The trading plan is to master the strategies before starting the trade follow the trading charts to know how to succeed in trading strategy. The trading plan also has so many detailed trading strategies that it is impossible for the rest of your trading career to stick to just one but of course, every trading plan should have only one trading strategy together which means you should update it frequently if you want to change the strategy. Remember that passion has no place in business.

[LongStand]

A trading plane is a way of discovering and trading stocks that takes into account a variety of factors such as time, risk, and the investor's goals. To be successful in trading, you must have a plan. It's just as crucial to know when to exit a transaction as it is to know when to enter it. The trading plan should include stop-loss prices and profit targets.

[juliepower]

A trading plan is a systematic process to identifying ,trading securities that takes into a number of variables, time, risk and objectives. It is a systematic way to proceed. Trading plan is a researched and written document that guides a trader's decisions and investor's goals.

[doremonchina]

trading plan is name of system and method of your trading to identify your risk and objectives and  trading plan is give help to traders in any conditions when they can buy and sell assets and help to how they manage there position in any condition and understand to what time suitable for trade many people recomandid that if you have not a good plan then this is a risky and keep way from trading if you have a good plan and make some good profits then you need to improve your plan to next level and learn and make basic plan for entry and exit from trading and invest your spacefic fund to trading not a all funds.