How Visible is your trading plan

[Zilon]

Making profit is the goal of every trader whether they are doing it right or wrong. All traders wish to pull out massive funds from trading but only a few care about some minor things that can help improve their trade and ensure they are implementing the right strategy for every trade they make.

Trading plan is one thing that cannot be neglected and for better result it best when it is visible. It is the vision a trader runs with. If a trader fails to plan such trader eventually plans to fail. When the heat of the market sets in we often forget our plans and trade from what ever our instinct suggests. But with a written plan it will be easier to set goals, targets, limits, strategies and expectations.

The more we see our plan the more we adapt to what it says, the more we understand our strategy and the clearer the result becomes. It helps in references on how productive those strategies are, if they need t be changed, improved upon or modified. Sometimes trading from our instinct come with so much emtions attached and we might want the market to do what we expect and not what it wants to do.

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[Oshosondy]

I do not need to have my trading plan (strategies) written anywhere when I have it within myself, gotten from experience. I do not write anything down about trading learning process, I know what to avoid, I know what to do, I know how to risk little, I know indicators can fail etc.

[palle11]

Sometimes trading from our instinct come with so much emtions attached and we might want the market to do what we expect and not what it wants to do.

Never to trade by instinct because it is dangerous to do that especially if you are not experienced. A newbie don't have what it takes to trade with instinct because if you do that along the way in the trade you may have a volatility that will push you off balance into loss and you may quickly close the order out of fear as you don't know what to do next while if you were trading with strategy and plan you can understand if the move is a reversal or continuation. It is wiser to trade with plan than instinct if you are not an experienced trader.

[Fesatmas]

I do not need to have my trading plan (strategies) written anywhere when I have it within myself, gotten from experience. I do not write anything down about trading learning process, I know what to avoid, I know what to do, I know how to risk little, I know indicators can fail etc.

When we already know what we have to do when we trade, hereinafter referred to as a plan, then it is definitely formed in our minds without having to write it again in a note or something like that. Things like this are very important because after all we have to have a plan about our trading. The main goal is to make a profit, and profits cannot just come when we don't have a plan or strategy for trading. Something we have to think about before anything that is in trading is a plan.

[tranthidung]

Making profit is the goal of every trader whether they are doing it right or wrong.

Traders hunt for profit and it is true but their main priority should not be profit, it is protecting their initial capital. If they are able to protect their initial capital, they will be able to get profit sooner or later. If they are unable to protect their initial capital, even if they get big profit, they will lose it all sooner or later.

Trading plan is one thing that cannot be neglected and for better result it best when it is visible. It is the vision a trader runs with. If a trader fails to plan such trader eventually plans to fail.

Their plans and their orders should include their exit prices at draw or at minor loss for cutting loss. If they don't have such plans, they won't be able to protect their initial capital.

With traders, no capital they have nothing to do and if they lose their initial capital, they lose all. If a trader have capital at hands, they will have other opportunities to increase their capital.

[Bobrox]

Never to trade by instinct because it is dangerous to do that especially if you are not experienced. A newbie don't have what it takes to trade with instinct because if you do that along the way in the trade you may have a volatility that will push you off balance into loss and you may quickly close the order out of fear as you don't know what to do next while if you were trading with strategy and plan you can understand if the move is a reversal or continuation. It is wiser to trade with plan than instinct if you are not an experienced trader.

Nowadays many trader not trade based on their instinct but also how hype and following other signal actually with shit coin, after BSC shit coin moment ended with many altcoin drop drastically and developer removed liquidity, right now has Solana shit coin network become popular. I don't know why many people not learned from their mistake at BSC shit coins and have planning with high risk and earn high return or profit later.

I loss many time with trading due several mistakes I made, but right now I changed with my trading way and have good trading plan and priority become more patience waiting right time and right moment for entry in some altcoin. I stop totally with hype moment and better with fewest profit earn and consistency than higher profit but possibility with higher risk.

[bittraffic]

The market acts spontaneously so your plans may not work accordingly as planned, so you have to be ready whichever the market goes. It sometimes makes you decide what approach to do in some unusual market situations especially when global politics swing the market. One announcement of a world leader can change the volatility. 

Your plans will have to be changed dramatically by then because buy low sell high may not always work. 

[ethereumhunter]

What we have to pay attention to is how to choose a coin to trade by doing an analysis to determine when to trade or enter the market. Maybe it will be the same plan as intended by @OP but just different in name.

I suggest making backup plans before trading so that if market conditions change, you still trade based on the market situation and can adapt to market conditions. That is why learning analysis is needed to determine the coin and the time to trade.

[rhomelmabini]

To be honest, my trading plan is to plan ahead and take cautious risk management since it's where it all lies after all. If you have a good risk management plan along the way you'll never afraid to lose in the first place, the safety of your portfolio is in there.

[Franctoshi]

Obviously you need a good trading plan before you can succeed and become a successful trader, Trading requires some decipline, rules basically do's and don't. Which includes How many times that you wanna trade in the day/week. You need to outline your profit target in trading, basically stating how much you want to gain in a given day/week.

Finally you must have an exiting plans for loses, that is how much loses you could incure in a day before you leave the market without having to chase the market in order to recover your loses.

[Nrcewker]

I do not need to have my trading plan (strategies) written anywhere when I have it within myself, gotten from experience. I do not write anything down about trading learning process, I know what to avoid, I know what to do, I know how to risk little, I know indicators can fail etc.

That’s exactly one should do. I mean no strategies works the second time. Also there are very high chances that any particular plan works the second time, so yeah a trader should learn to adapt according to the market conditions and needs. A trading plan will only work if you have enough capital to fund if you are negative in overall asset, but yes in order to succeed in the plan, the risk intake will be more. So I would suggest trade according to the market and charts and always learn from your mistakes.

[mvdheuvel1983]

I have a note pad where I jot down my ideas, plans and strategies.
I keep it very handy, and it is my go-to when I get stuck, and it is a compendium of years of personal trading knowledge, trial and errors and also tips from other successful trading mentors and role models.
I say do whatever works for you. And in all, just try and stay consistent.

[mk4]

Picked the 4th option — my trading/investing plan isn't even complicated in the slightest. It's really simple though it just takes a good amount of knowledge/time/experience in the crypto industry to know what to do.

[South Park]

Making profit is the goal of every trader whether they are doing it right or wrong. All traders wish to pull out massive funds from trading but only a few care about some minor things that can help improve their trade and ensure they are implementing the right strategy for every trade they make.

Trading plan is one thing that cannot be neglected and for better result it best when it is visible. It is the vision a trader runs with. If a trader fails to plan such trader eventually plans to fail. When the heat of the market sets in we often forget our plans and trade from what ever our instinct suggests. But with a written plan it will be easier to set goals, targets, limits, strategies and expectations.

The more we see our plan the more we adapt to what it says, the more we understand our strategy and the clearer the result becomes. It helps in references on how productive those strategies are, if they need t be changed, improved upon or modified. Sometimes trading from our instinct come with so much emtions attached and we might want the market to do what we expect and not what it wants to do.

I do have a trading strategy and I have it written down however since I have used it so much I do not really need to keep looking at it to know what I am supposed to do, and this is the best possible outcome, if you are a day trader you need to take decisions in seconds, if you are incapable of performing your strategy flawlessly during that time you could as well trade a longer time frame as it is very difficult to become successful with such a glaring flaw on your skill set.

[ScamViruS]

Every trader has their own trading plan that works for them. But if you share that trading plan with others and they use it, they may not get effective results. Because positive results of trading come from experience, and using that experience to create trading strategies can expect proper results. I still make a lot of mistakes myself, sometimes I can't hold my profits because of mistakes.

So I think it's better to rely on your own plan rather than following someone else's trading plan. If a trader cannot follow risk management, then any strategy cannot bring him good results.

[hugeblack]

The plan is essential, but it should be dynamic so that it changes quickly with market changes and away from emotions is the most important thing, otherwise everything that happens will produce counterproductive results that will lead to your loss of a lot of money.
Also, the more you succeed in keeping your emotions away from controlling your decisions, the more efficient and successful the plan will be.

[goaldigger]

Trading plan is your guide, and this will help you understand the whole concept of trading.
I personally have my plan on every market trend because if you failed to create a plan, you’ll surely miss a lot of opportunities and trading with a plan can be more successful compare to those unplanned trading. Perfect timing is also important in trading, doesn’t mean you see a cheap market you’ll buy right away, in order to succeed you have to analyze it and create a necessary plan for profit taking and cutting your losses.

[Ndabagi01]

Trading plan is one thing that cannot be neglected and for better result it best when it is visible. It is the vision a trader runs with. If a trader fails to plan such trader eventually plans to fail. When the heat of the market sets in we often forget our plans and trade from what ever our instinct suggests. But with a written plan it will be easier to set goals, targets, limits, strategies and expectations.

There's a lot of truth in what you've said here, but the harsh reality is that the market will continue to go its own way without a second thought. Setting limits, targets, strategies, expectations, and plans is important, but the best strategy is to lower your expectations and come with an open mind to accept whatever happens to the trading strategy along the way. You will be a better trader than others as a result of this.

[kamvreto]

Trading plan is one thing that cannot be neglected and for better result it best when it is visible. It is the vision a trader runs with. If a trader fails to plan such trader eventually plans to fail. When the heat of the market sets in we often forget our plans and trade from what ever our instinct suggests. But with a written plan it will be easier to set goals, targets, limits, strategies and expectations.

There's a lot of truth in what you've said here, but the harsh reality is that the market will continue to go its own way without a second thought. Setting limits, targets, strategies, expectations, and plans is important, but the best strategy is to lower your expectations and come with an open mind to accept whatever happens to the trading strategy along the way. You will be a better trader than others as a result of this.

a market that continues to go its own way is of course something that cannot be predicted, therefore trading plan A and plan B are needed. When Plan A cannot be carried out, there is an option for Plan B.
I do a trading Plan straight from my mind and remember what to do to trade. The trading plan is influenced by psychology and to be able to overcome it, you must have a strong psychology and stick to the trading plan that has been made. do not follow other people's trading plans because every strategy is not necessarily suitable.

[dunfida]

Trading plan is one thing that cannot be neglected and for better result it best when it is visible. It is the vision a trader runs with. If a trader fails to plan such trader eventually plans to fail. When the heat of the market sets in we often forget our plans and trade from what ever our instinct suggests. But with a written plan it will be easier to set goals, targets, limits, strategies and expectations.

There's a lot of truth in what you've said here, but the harsh reality is that the market will continue to go its own way without a second thought. Setting limits, targets, strategies, expectations, and plans is important, but the best strategy is to lower your expectations and come with an open mind to accept whatever happens to the trading strategy along the way. You will be a better trader than others as a result of this.

a market that continues to go its own way is of course something that cannot be predicted, therefore trading plan A and plan B are needed. When Plan A cannot be carried out, there is an option for Plan B.
I do a trading Plan straight from my mind and remember what to do to trade. The trading plan is influenced by psychology and to be able to overcome it, you must have a strong psychology and stick to the trading plan that has been made. do not follow other people's trading plans because every strategy is not necessarily suitable.

You would really be needing lots of back up plans when you do deal with an unpredictable market and you shouldnt stick into a single plan because it is really that bound to fail up and you should really be that versatile

if you do consider yourself to be a real trader because we know that dealing off with something unpredictable does really need up lots of back up plans if one of your analysis do fails, then it would really be just right

that you should really make out some adjustments or simply trying out to cope up on something.Trade and try to be sustainable as much as you could which it would be normal
that you would be preparing for that.

[Yaunfitda]

Maybe in the beginning, when I was a newbie, or just starting out, I usually write my trading and then go back and see where I got it wrong or where it went right for me. But as I have matured and gain experience, I barely write it down now, maybe I'm not that huge a trader as before as I just continue to buy and do DCA for my crypto investment.

But yeah, I would say that it might be better to jot it down so that you can have something to go back to see and then make some crazy adjustments so that you can have the 'perfect' strategy.

[Mpamaegbu]

I used to write my trading plan down on a note paper when I newly started and would consult it when perplexed. This day the whole plan is at my finger tip, ingrained in my mind. All I've to do now is run a check when I get series of losses to ascertain if I'm still on course. As it's the case, a lot of trading plans fail during ranging markets but will do well during rallies (both in bull and bear).

[so98nn]

This is an interesting question question really, and I think every hardcore trader must be having such big plans, goals on their minds to keep up with their trading race. However, for me I am just keeping it very simple, trade and earn profit and keep moving towards next profit slot without hampering my money balance. If I end up with some losses then I would quit the trading for many days and they recalibrate myself to hit the profits one more time during that period. I am not hardcore trader so may be I never had plans or I am not someone who will wake up in the morning and say, lets get started, I will make 10K USD today with my bitcoin day trade or futures trade etc. For me it is all about the experience, fun and some profits along the way.

[kamvreto]

You would really be needing lots of back up plans when you do deal with an unpredictable market and you shouldnt stick into a single plan because it is really that bound to fail up and you should really be that versatile

if you do consider yourself to be a real trader because we know that dealing off with something unpredictable does really need up lots of back up plans if one of your analysis do fails, then it would really be just right

that you should really make out some adjustments or simply trying out to cope up on something.Trade and try to be sustainable as much as you could which it would be normal
that you would be preparing for that.

I only limit 1 to 3 trading plans, if too many trading plans are made it will also become a burden and cannot execute properly. In general, 2 trading plans are enough and the first trading plan must be maximized properly.
When the market comes with bad conditions, we might still be able to hold on and wait for the right moment to start executing it. And also remember that as I mentioned before psychology is quite important because it will affect how the final trade is made.

[BitDane]

Indeed we need our trading plan very visible so that we can check its accountability, objectivity, consistency, and derive learning from them.  If we are able to see our trading plan, it will help us in terms of information and effective decisions and since we have records of everything, we can achieve a better result in the long run.

I just realized that my trading plan isn't visible as I think it is, so I guess I need to have a closer look in it and record everything and learn from every information I can get.

[Inspiron14]

You would really be needing lots of back up plans when you do deal with an unpredictable market and you shouldnt stick into a single plan because it is really that bound to fail up and you should really be that versatile

if you do consider yourself to be a real trader because we know that dealing off with something unpredictable does really need up lots of back up plans if one of your analysis do fails, then it would really be just right

that you should really make out some adjustments or simply trying out to cope up on something.Trade and try to be sustainable as much as you could which it would be normal
that you would be preparing for that.

I only limit 1 to 3 trading plans, if too many trading plans are made it will also become a burden and cannot execute properly. In general, 2 trading plans are enough and the first trading plan must be maximized properly.
When the market comes with bad conditions, we might still be able to hold on and wait for the right moment to start executing it. And also remember that as I mentioned before psychology is quite important because it will affect how the final trade is made.

Yes, I also think that the 2 trading plans are enough with the condition that we have mastered them so we can use and maximize them,
but again everyone has their own decision,
once again we must remain calm in the face of all market conditions.

[Peanutswar]

We have didfferent strategies to execute those positions in my perspective I have a tons of papers to make a trading confirmation and verify those once i saw a possible position or profit gain with that particular movement, and of course, as always i do stop loss and take profit those basics really have a huge impact in your trades no matter what happens you can make a set up to get profit and preventing too much loses many people opening their margin so they could make more wait and hoping to get a bounce back.

[xSkylarx]

I just make a note from it on sticky notes on my PC but just those important parts, like I, need 3 confirmations before I trigger the trade and those 3 confirmations should be written on those notes. But most of the time I don't see it since it was already in my mind but mostly when there are tweaks or I learn new things that can improve my trading style I really wrote it in sticky notes and before I trade I will re-read it until I can now memorize it.

[crwth]

Understanding is the most important thing you must have when trading in this market. Understanding that you can make mistakes and it's not going to always be in your favor. Emotions would also be high when you make a mistake, and controlling that would be another key to success in trading.

You should take action or review some of the things that could help with trading below.

• Develop measured goals that you can be specific with and what you plan to achieve in trading
• Have thorough research on what you are investing in
• Lessen your risk by diversifying
• Be patient with your trades, and don't be emotional
• Stick to your strategy

[Findingnemo]

I don't have a flowchart or triple monitor setup for trading, I just trade from my mind and it works most of the time but I want to remind you something I am strong with the basics of trading an investing also I am sure that I will follow the basics at all my decisions so never cared about writing it on paper and keep seeing it every day to observe it or it may come with bitter experience or at least to me.

I keep it simple, buy an amount and set my target price when it hits I go for sell and I keep all these separate from my day trading and investments of long term.

[stadus]

You can't just put them anywhere other than remember all of them and apply them accordingly suitable to the market condition.
Because no matter what you do with your strategies but if not perfectly used, it makes no sense at all. It only becomes visible (for me) if that will work according to our plan. Traders won't just rely upon strategies but also have to work on their judgments. Many traders had fail to do this because they are too reliant on what is written on their notes and what is been seen online.

[kamvreto]

Yes, I also think that the 2 trading plans are enough with the condition that we have mastered them so we can use and maximize them,
but again everyone has their own decision,
once again we must remain calm in the face of all market conditions.

Being calm and not panicking when the market is shaken is very necessary. If you panic too much, it will destroy all trading plans. Everyone has their own decision, but don't get too confident thinking the market will still be fine. Stop loss is needed when the market drops from the lower limit we planned. Using a stop loss will result in a larger stop loss. Several trading plans are also supported by good analysis and Fundamental Analysis.

[RealMalatesta]

Indeed we need our trading plan very visible so that we can check its accountability, objectivity, consistency, and derive learning from them.  If we are able to see our trading plan, it will help us in terms of information and effective decisions and since we have records of everything, we can achieve a better result in the long run.

I just realized that my trading plan isn't visible as I think it is, so I guess I need to have a closer look in it and record everything and learn from every information I can get.

I think it's only advised if we have some kind of amnesia where we can forget things easily but usually after we plan up a thing, it's already recorded in our head and we will just initiate them depending on the market condition. Also, the word consistency is I think not a written plan but it should come with us personally. We need to stay consistent on what we are doing if we want to succeed with it.

It's always better to be independent and do not just trade because you have a trading plan beside you. I don't know why but it looks like you are a student in a school who are cheating when there are exams and quizzes. That's what I see it.

[palle11]

but only a few care about some minor things that can help improve their trade and ensure they are implementing the right strategy for every trade they make.

Little things matter in trading and this is why I like this aspect of the post. Some losses that we encounter can be because of little things that we don't put or do right in our order. Things like having patients before taking out your trade is important. Being careful to do a detail analysis can set you right on your trade instead of being in a haste and afterwards regretting taking the trade at that time.

[wxa7115]

Making profit is the goal of every trader whether they are doing it right or wrong. All traders wish to pull out massive funds from trading but only a few care about some minor things that can help improve their trade and ensure they are implementing the right strategy for every trade they make.

Trading plan is one thing that cannot be neglected and for better result it best when it is visible. It is the vision a trader runs with. If a trader fails to plan such trader eventually plans to fail. When the heat of the market sets in we often forget our plans and trade from what ever our instinct suggests. But with a written plan it will be easier to set goals, targets, limits, strategies and expectations.

The more we see our plan the more we adapt to what it says, the more we understand our strategy and the clearer the result becomes. It helps in references on how productive those strategies are, if they need t be changed, improved upon or modified. Sometimes trading from our instinct come with so much emtions attached and we might want the market to do what we expect and not what it wants to do.

On the early stages when you are just studying the market and trying to figure out what is the best strategy you can follow, writing down your strategy is important not only as a learning tool but also as a way to help you to keep track of the changes you have made to your strategy over time.

If you do this and then you take a look at those pages you will realize how much you have improved over the years, however once you gain more experience you get to a point in which this is not necessary as your strategy is deeply ingrained into your mind already.

[kapalmabur]

Making profit is the goal of every trader whether they are doing it right or wrong. All traders wish to pull out massive funds from trading but only a few care about some minor things that can help improve their trade and ensure they are implementing the right strategy for every trade they make.

Trading plan is one thing that cannot be neglected and for better result it best when it is visible. It is the vision a trader runs with. If a trader fails to plan such trader eventually plans to fail. When the heat of the market sets in we often forget our plans and trade from what ever our instinct suggests. But with a written plan it will be easier to set goals, targets, limits, strategies and expectations.

The more we see our plan the more we adapt to what it says, the more we understand our strategy and the clearer the result becomes. It helps in references on how productive those strategies are, if they need t be changed, improved upon or modified. Sometimes trading from our instinct come with so much emtions attached and we might want the market to do what we expect and not what it wants to do.

On the early stages when you are just studying the market and trying to figure out what is the best strategy you can follow, writing down your strategy is important not only as a learning tool but also as a way to help you to keep track of the changes you have made to your strategy over time.

If you do this and then you take a look at those pages you will realize how much you have improved over the years, however once you gain more experience you get to a point in which this is not necessary as your strategy is deeply ingrained into your mind already.

True and it seems trivial, but if we don't do that, of course we will easily forget,
but for those who really have a lot of experience I don't think they need it,
which obviously all depends on each of us.

[Kgdktac]

A trading plan is extremely important for a trader. It serves as a roadmap for the trader, outlining their goals, risk management strategies, and the methods they will use to make decisions about buying and selling securities. A trading plan helps to keep a trader on track and focused, and can help to prevent impulsive or emotional decisions that can lead to losses. Additionally, having a plan in place can make it easier to evaluate the performance of the trader's strategy over time and make adjustments as needed. In short, having a well-defined trading plan is essential for long-term success in trading.

 All that said my trading plan is non existent as I trade by impulses.

[michellee]

True and it seems trivial, but if we don't do that, of course we will easily forget,
but for those who really have a lot of experience I don't think they need it,
which obviously all depends on each of us.

That's why we often have to practice a lot to improve our skills in trading and make a trading plan. Gaining profits is the target of every trader but only a few traders can earn it and only experience losses from time to time. If they don't change their trading style and don't want to learn and practice, it will be useless because it won't give any results. Try to learn about strategies so that you can understand trading lessons and can improve your trading skills.

[Questat]

I used to write my trading plan down on a note paper when I newly started and would consult it when perplexed. This day the whole plan is at my finger tip, ingrained in my mind. All I've to do now is run a check when I get series of losses to ascertain if I'm still on course. As it's the case, a lot of trading plans fail during ranging markets but will do well during rallies (both in bull and bear).

As it was becoming habitual, it was easy for you to decide what you gonna do next. Being consistent with the plan is a big factor that could help us to earn more. A lot of traders lost their money not only because of being inconsistent but also because they fail to become mentally strong when making decisions during the market crash.

Trading is not all about trading plans but also it needs persistence and more patience. Having all of these things, therefore to say that trading is just an easy life for you then.

[virasisog]

I always trade from my mind and I make sure that I have the right mindset which focuses on making the right decisions in trading to make a good profit. I don't aim to get rich quickly but my goal is to trade successfully.
Trading plans will be nothing if we can't follow all the right steps to trade wisely. We also need to learn continuously for us to reach the target goal that we want. From choosing the potential coin to setting a target profit and so on, we need to be disciplined by focusing on our goals and plans and not trading based on emotions.

[sana54210]

Trading plan is one thing that cannot be neglected and for better result it best when it is visible. It is the vision a trader runs with. If a trader fails to plan such trader eventually plans to fail. When the heat of the market sets in we often forget our plans and trade from what ever our instinct suggests.

Pro traders never deviate from their trading plans which shows the power of experience. People who still listen to instinct, should trade only in demo environment or should trade with least enough capital to gain that "experiences". Setting up a plan is easier but bring up results out of those plans is harder than anything else; so, if you find yourself unable to stick within your own plans, then I guess that must be the right point to quit trading.

Another option for those who never accept quitting as a right solution, hodling. We cannot have this alternate in most other markets but bitcoin spot trading provides such a wonderful thing.

Execute your trading plans; if results are not in your favour then become a BTC hodler. Peace .

[Flexystar]

Interesting thought but never thought about anything like this. I mean who writes a plan about the trading if it is based on practical approach and it is always changing and lively with the time? I could not think about any plan or something which I could build as solid way to make a trade. That's just impossible since everyday I wake up and see the graph, the candles would go very far from the flag line, the market would be unreal by that time and what I might have imagined as my next step. I think I would love to trade just normally with the market situation and after studying it thoroughly.

As standard practice it's always good to learn the trading patterns, which can give us ideas about the market in TA. Well, I think I can print those patterns and have them on my sticky board, but having a whole plot about our next move in the trading seems little off track for me.

[South Park]

Interesting thought but never thought about anything like this. I mean who writes a plan about the trading if it is based on practical approach and it is always changing and lively with the time? I could not think about any plan or something which I could build as solid way to make a trade. That's just impossible since everyday I wake up and see the graph, the candles would go very far from the flag line, the market would be unreal by that time and what I might have imagined as my next step. I think I would love to trade just normally with the market situation and after studying it thoroughly.

As standard practice it's always good to learn the trading patterns, which can give us ideas about the market in TA. Well, I think I can print those patterns and have them on my sticky board, but having a whole plot about our next move in the trading seems little off track for me.

If you cannot describe your strategy with words can you really say you have a trading strategy? Not everything can be done by instinct, you need to have some sort of way to determine the size of each one of your trades, your stop loss, the leverage you will use, if you use any, how long you will keep that position open and many other factors which are indispensable to become a profitable trader, if this cannot be put in writing form then I find it difficult to believe such trader will become profitable

[ShowOff]

Having notes on trading plan is probably not what I need, and so far I haven't. Trading is an attempt to make a profit that should not be planned or written down in note, you may be able to take advantage of the market situation to make a profit, that is for something that is not written down.

So far I'm not planning trade, but I'm planning an investment which has been in good progress so far. My portfolio is expected to continue to grow over time and I'm starting to focus on becoming long term holder. I tend to think about how I can get extra money to accumulate assets, this is much more important to me than planning trades by writing notes.

[wxa7115]

Having notes on trading plan is probably not what I need, and so far I haven't. Trading is an attempt to make a profit that should not be planned or written down in note, you may be able to take advantage of the market situation to make a profit, that is for something that is not written down.

So far I'm not planning trade, but I'm planning an investment which has been in good progress so far. My portfolio is expected to continue to grow over time and I'm starting to focus on becoming long term holder. I tend to think about how I can get extra money to accumulate assets, this is much more important to me than planning trades by writing notes.

It surprises me a little bit to see so many comments against the idea of documenting your strategy and even your trades, when it is such a basic thing to do when it comes to learning.

In fact the whole idea of documenting the events which have already happened is to not forget them and to have a precise idea of what happened as a way to avoid making the same mistakes again and again, and this is not only true with trading but with everything else, as it is why we keep record of the major events around the world so we can avoid the negative ones and it is the reason scientists keep detailed records of their experiments as a way to demonstrate their theories.

[Mr.right85]

Having notes on trading plan is probably not what I need, and so far I haven't. Trading is an attempt to make a profit that should not be planned or written down in note, you may be able to take advantage of the market situation to make a profit, that is for something that is not written down.

It surprises me a little bit to see so many comments against the idea of documenting your strategy and even your trades, when it is such a basic thing to do when it comes to learning.

Am in agreement with you on this. I realy really think trading plans should be laid out with proper documentation. Its simply doing your analysis and defining possible occurances in the market with how to take advantage of it should it be positive or how to exit when negative. It helps in ways like;

1. Keeping you in check and on track
2. It helps you to get confidence in your analysis when right and the opposite when wrong.
3. It serves historical purposes on what to expect. Perhaps the platforms used in trading might have some data to this regard but, your pre analysis before it actually plays out is more valuable and builds confidence.
4. It defines the level of risk your taking repaired to take in the market.
5. It also prevents you from unnecessary loses by not being too greedy in the market.

Having a trading plan documented is a good step for me.
It depends on the individual surely but, whatever goes is the way to go.

[GeorgeJohn]

I do not need to have my trading plan (strategies) written anywhere when I have it within myself, gotten from experience. I do not write anything down about trading learning process, I know what to avoid, I know what to do, I know how to risk little, I know indicators can fail etc.

Do you know that to be good teacher you most have a qualified Note of lesson, so it's applicable to someone that have the record or strategies of trading in it's documents and especially the risk condition or measure that is involve. so it's important to have a record of trading steps it's should Incase of reference or remembrance purpose, so it's needful that to have the necessary steps of making well through trading as a working documents.

[Fondarchand]

Actually in all fileds specific steps are necessary to achieve certain aims and goals. Traders needs to adopt specific strategies but a single strategy never work all the times. Some people do trading but have zero knowledge about trading so I think that realize about the rules and regulations then take part in trading.

A person should plan that which amount of cash should be invested but the lower amount should be used for the Initiation of trading so the benefit will be that if unfortunately the price decreases so there will be less loss.

A person  should always be careful when he trades, active mind also aids to get the profitable results.

[Gladitorcomeback]

Now a days every single person wants to trade and multiply their revenue but at starts everyone passess through difficulties. Some people win and some people loss their hopes and leave cryptocurrency trading. A person can be a profitable trader if he first judge the trading marketplace then try to understand all the information which are related to the trading.

If a person wants to overcome the loss percentage then setting of stop loss can help to reduce the percentage of losing revenue. Some real crypto groups provide signals if a person follow these signals then the percentage of winning income can also be increased. But first get information about the group, it admin and participants if they are not scam then surely follow these signals.

Always focus on price prediction and do not get rid of your coin at lower price just wait until the price goes up once more.

[crzy]

I do not need to have my trading plan (strategies) written anywhere when I have it within myself, gotten from experience. I do not write anything down about trading learning process, I know what to avoid, I know what to do, I know how to risk little, I know indicators can fail etc.

This is the result of having a good knowledge about trading, you can understand the trend and act accordingly based on your target plan and based on your strategy. Writing done you strategies might be a big help but to some its hassle so they created their strategy like this. Though I believe monitoring your transactions are still ideal, personally I have my track record of my trades and it motivates me to be more productive.

[AmoreJaz]

I do not need to have my trading plan (strategies) written anywhere when I have it within myself, gotten from experience. I do not write anything down about trading learning process, I know what to avoid, I know what to do, I know how to risk little, I know indicators can fail etc.

This is the result of having a good knowledge about trading, you can understand the trend and act accordingly based on your target plan and based on your strategy. Writing done you strategies might be a big help but to some its hassle so they created their strategy like this. Though I believe monitoring your transactions are still ideal, personally I have my track record of my trades and it motivates me to be more productive.

maybe you can jot down your major strategies but i can understand that most will trade on the spot based on their acquired skills and experience. which is also true for me. with so many things that we need to write down, we prefer to use our stored knowledge to act on certain situation.

[kamvreto]

The plan in trading in general is a rather imaginary thing. It should be understood that you need to be universal, but at the same time, the main task of the plan, in fact, is to understand in general what you should look at while working.

Whether it's imaginary or not, the most important thing is how to implement a trading plan in real trading. Because the trading plan must be in accordance with the current market conditions. We have to look at the available data in order to have a good trading plan. If there is no good data source then no trading plan can be applied.
The trading plan is only limited to carrying out several plans that will be carried out when trading, but it will not be fully used when the market is not what we expect. There must be a backup plan. In the trading plan, there are several management that must be done to support the trading plan to be successful.

[bettercrypto]

 Because when I see the trading chart that is needed to trade, I will do it immediately, as if it can be done at any time, it depends on each one of us. I do this as a part-time source of income.

   Now, when I get a good handle on it, that's when I'll decide to do it full-time, it's just that simple to do as an individual community in this industry.