Do you stick to your trading plans

[cyriljundos]

trading alt coins is such stress and sometimes you trade according to your own plans, but even though you have plan and analyzing graphs you tend to break those plans if the price of a coin is dumping or pumping. panicking is the one sometimes destroy your strategy in trading.

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[GreatArkansas]

Do you stick to your trading plans

This is what I realized recently, I am trading actively, there are some I have lost trades and some are winning trades.
Most of the losses or breakeven are those trades that no plan, especially no stop-loss price and a target price, especially the target price, it is very important and stop loss too. I should've profits, but decided to still go.
That's why before opening a trade position, PLAN is a must, your target and stop loss.

[LUCKMCFLY]

trading alt coins is such stress and sometimes you trade according to your own plans, but even though you have plan and analyzing graphs you tend to break those plans if the price of a coin is dumping or pumping. panicking is the one sometimes destroy your strategy in trading.

You are right and this happens by making decisions without taking into account the price of Bitcoin, many forget to analyze the price of Bitcoin before making the one of the altcoin, and all altcoin always depends on Bitcoin, when an altcoin falls, many change their commercial decision, and usually at the time of changing the price of the currency rises, and a profit is quickly exchanged for a loss, this type of stress causes loss, it is best to always assume the loss without moving the Stop Loss, if it touches the STOP LOSS does not matter, the market will always give new entries.

[ethereumhunter]

I am trying to stick to my trading plans. But sometimes, I am facing difficulty controlling the greediness, especially when I see the price can jump higher and I thought that could give me a bigger profit. It is hard to always stick to our trading plans because that will need an effort to manage our emotions in trading constantly.

I am sure every trader has that experience to see their greediness become bigger. But it will be back to the trader itself, how they can manage their emotion so they can always stick to their trading plans.

At first, we will stick to our trading plan but when the market changes, the plan will change seeing the situation and also our thoughts in changing patterns, to be honest when an increase occurs then greed will inevitably occur and vice versa if a downward panic occurs unless your plan is determined to be But leave it for a long time before you become aware of your trading plan.

On the other hand, I think it is very difficult unless we can hold back in any situation, remember moments like there are very many changes from the plan even though we often see the portfolio increase so that is the power to sell for profit.

And this is Dayu can not withstand the plans that have been set.

You are right. I can say like I was in that situation when the price increased, which made me greed. I do not realize that I need to take profit before it is too late and fortunately, I did close the trade before the price is down. I think many times I was in that situation, but I was lucky to close the trade once again. Stick to our plan will be important but greed will tempt us to wait for more because the moment is good to take a bigger profit.

Sticking to our plan is important but if you want to change the plan, maybe you need to adjust to the current situations so there is no big bad effect that you will get it later.

[Sled]

trading alt coins is such stress and sometimes you trade according to your own plans, but even though you have plan and analyzing graphs you tend to break those plans if the price of a coin is dumping or pumping. panicking is the one sometimes destroy your strategy in trading.

That be a terrible actions made and finds no reason to win but definitely a way to losses. Traders who'd come panicking every time he saw declines, is also the person who haven't yet familiar with his plan. It is just useless to have an effort creating a plan if in the long run it never been used. It really stressful fir us especially when we don't know what we do next, becoming undecided and wrong market decisions are also the result of not following the plan.

[lablab03]

Having plans is really a big help to achieve our goals in trading so we should stick to it especially if we see that the growth rate of our coin has a potential and it realy following accordingly  to our plans so it will be better option, which is rather than being greedy in the market like when there's a opportunity to gain small profits. coz you know mostly end up losses after all so we should have plans in order to achieve everything on this kind of making money..

[Wind_FURY]

I don't trade a lot these days because I see that every single time, the market's fluctuation is higher than before. I'm sticking to my plan and that is to hold.

The no brainer strategy that has been so effective for everyone who doesn't like to trade at all from time to time. No need to exert that much effort into it yet very profitable.

Higher market fluctuation/volatility also causes more losses for plebs like us. It’s not just a few plebs, MANY people in the forum, I believe gave up trading to HODL. It’s a more feasible strategy for us, the plebs. Let’s accept our plebness, and just HODL.

[TheUltraElite]

trading alt coins is such stress and sometimes you trade according to your own plans, but even though you have plan and analyzing graphs you tend to break those plans if the price of a coin is dumping or pumping. panicking is the one sometimes destroy your strategy in trading.

Agreed, trading altcoins is a pain in the rear. Compared to bitcoin where we can somewhat predict the support and resistance levels and then make a calculated guess on where to buy, altcoins never seem to come out of their pump and dump cycles. Right now if some coin is falling, for bitcoin I would advice to buy but cant say that with certainty for altcoins.

Being on safer side and mentally sane side bitcoin becomes the better option. Beside all the negativity around the world, traders need to keep their cool so keeping bitcoin in maximum is what I prefer. Plans for bitcoin is usually long term and will not change. It would not matter much if power failures happen or not, you are in it for the long.

Let’s accept our plebness, and just HODL.

*insert* "Are ya winning son?" meme 

[suryogandul]

In trading I apply the concept if the strategy of the trading plan fails I will move on to another plan. so we have to prepare at least 2 plans as a backup, because we don't know how long our first trading plan will succeed or fail. the most important thing is I stick to a legitimate trading flow and do not trade involving gambling or other negatives

[tygeade]

Do you stick to your trading plans

This is what I realized recently, I am trading actively, there are some I have lost trades and some are winning trades.
Most of the losses or breakeven are those trades that no plan, especially no stop-loss price and a target price, especially the target price, it is very important and stop loss too. I should've profits, but decided to still go.
That's why before opening a trade position, PLAN is a must, your target and stop loss.

Other than target and stoploss levels, there are other multiple things we actually need to plan up for successful trading:

* what other coins you are going to trade/avoid
* size of your positions
* trading hours

The above list is not a complete one but I could not recall right away all of them what are the things I am using in my trading. Trading is something that requires a lot of discipline and planning and when we are deviating from our plans then the results may not be the same as per our preferences.

[GreatArkansas]

Do you stick to your trading plans

(.....)

Other than target and stoploss levels, there are other multiple things we actually need to plan up for successful trading:

* what other coins you are going to trade/avoid
* size of your positions
* trading hours
(.....)

I agree on the second and last one.
But for the first one, I don't think so for me. Since when I do trading, I am more looking at charts, technical analysis. If my technical analysis showing my criteria for a long/short position then I trade. If you want to mean is more on fundamental analysis, I really don't do it when day trading.

About the second and last one, they are also important, size of your positions;
it comes with risk:reward ratio, your risk management, is it important. For sure you are not trading with 50% or more of your total account size.

[danherbias07]

Again, easy to say but difficult to do.
There will always be a plan but that plan can easily be wrecked by a sudden shift of the market. Another reason could be a hype. Let's say Doge.
Elon Musk hyping it could trouble the minds of a trader. Shift with what is being pumped and forget the plan for a while.
Not every morning will also be the same. There will be times that plans will not go your way and will mess up the whole day of trading.

[wahyu wida]

sometimes we are still playing with feelings in trading. I think it must be avoided, we must stick to the work plan that we have made, especially when cutting losses are needed to avoid unwanted risks. many traders put forward drama when something happens in trading, even though it's not needed. trading between profit and loss according to target, I think that should be instilled in every trader

[k@suy]

In trading I apply the concept if the strategy of the trading plan fails I will move on to another plan. so we have to prepare at least 2 plans as a backup, because we don't know how long our first trading plan will succeed or fail. the most important thing is I stick to a legitimate trading flow and do not trade involving gambling or other negatives

It's a big factor that you have your own strategic trading plan and techniques because this would be your only ally while trading. In my case I do apply the concept that I used and also most effective for me. There are a lot of advises, trading techniques and strategy that we can read here in forum or we can learn from other traders but the only effective trading strategy that you can have is the one that you have learn in your own experience.

[Issa56]

Everybody that's into cryptocurrency have his/her trading strategy and the best thing to always do is stick to your trading plan, if you are into cryptocurrency trading and you don't have a trading strategy definitely you will always lose money and that very bad in Cryptocurrency, you just have to make research and know the best strategy plan that work out for you. The easiest trading strategy that you can use is buying coin when the price is low and selling when the price is high, no matter what happens I always stick to my trading plan

[MUG1WARA]

Every true trader has a target he/she wishes to hit a day for day/week depending on the kind of trader such person is. Some loves day trading while others enjoys holding position for a longer period of time. Irrespective of the kind of trader you are  do you stick to your trading plan? Or you just allow your greed and emotions play out during your trades. Trading entalils lots of dicipline and without dicipline even a professional analyst would fall prey to the market. Making profits but end up loosing out every thing because of greed and high expectations .

No doubt every trader have that target in mind to want to achieve while trading, but the truth is that life doesn't always go as planned, i' was day trading for sometime but later I switched to longterm hodling, and frankly speaking I don't always stick to my trading plans, I know it's bad but sometimes I hold on more when I hit my target rather than sell once I get it.

If trading is to be regarded as everyother business opportunity then proper risk management has to be adopted just the same way a boutique store would handle his wears to avoid them from fading away before customers comes for them.

A trader needs to study proper risk management even before learning how to trade, cause with proper risk management he/she will never get liquidated in the market, it's one of the important things someone needs to become successful in the trading aspect.

[SacriFries11]

In trading I apply the concept if the strategy of the trading plan fails I will move on to another plan. so we have to prepare at least 2 plans as a backup, because we don't know how long our first trading plan will succeed or fail. the most important thing is I stick to a legitimate trading flow and do not trade involving gambling or other negatives

Sometimes on-the-spot situation trigger us not to follow our trading plans which is wrong. Panicking ruin our trading and sometimes we immediately exit and we just depend to our emotions. It's also important that we have notes we follow if we noticed that we are not in our track. I admit that I forgot what should be and how to execute my trading plans so taking notes is very important. It's like we're learning in school we need to focus on our goal, but I like in school, we're also dealing with the actual money which is different in real trading.

[Fesatmas]

there is no standard trading plan in my personal trading list. It is very difficult, with uncertain market changes making a factor for changes in the implementation of trading strategies .. indeed we are always faced with situations like this, because changing trading levels force us to have more trading options according to market conditions.

[maxreish]

If you have trading management plan and there comes a time and tight situation that needed an urgent need to change ways, then probably I will gonna change my plan. But most of the time, whenever I checked my technical analysis and was so sure that it will go with my right TA with of course double checking the other basis, then sticking to the old plan is much better.

Crypto markets sometimes gives trap movements, if we arent wise enough to stick with the plan we'll just gonna regret our next move.

[doomloop]

Crypto markets sometimes gives trap movements, if we arent wise enough to stick with the plan we'll just gonna regret our next move.

Yeah, both bulls trap and bear trap are frequently happening in crypto markets and fortunately I am not getting into any of them so far. It has become possible for me because I'm not waiting until end of trend reversal. Just catching the middle of the trend is my usual plan.

Sometimes I do get tempted when seeing unexpected new opportunities but if my technical analysis not showing anything like that then I will simply leave off that.