Do you believe in using a Trading Plan?

Federic

Recruit
Messages
1
The trading plan must include an estimated level of the income and acceptable loss. I open 2-3 orders per day.
 

bigdolly

2nd Lieutenant
Messages
1,234
I think it's irresponsible to trade without a plan, it just becomes gambling. It's the quickest way to blow your account. A trading plan help to keep your discipline and allows you to analyse what works and what doesn't.
 

bigdolly

2nd Lieutenant
Messages
1,234
Yes I do believe in trading plans this is the strategy I make before placing the trade. We all know the market is very volatile sometimes and you have to make decisions according to that but having a trading plan will reduce your risk and will be beneficial in the long run.
 

TareqS

Sergeant
Messages
165
Hello FPAins,

What do you think about Trading Plan, Do you stick with your plan, How it goes everytime?
I try my best to stick with my trading plan and strategy. It gets tough sometimes. I make mistakes as well, but I do not trade on chart that does not match with my trading strategy.
 

mutiara

Recruit
Messages
1
"I have trading plan for the month:
- what news to trade
- what's the previous stats
- the rules for ea and myself"
 
Top