momo3HC
Sergeant Major
- Messages
- 567
Yeah. That`s good too. Even 5% can be used but ONLY if you`re sure and in very rare situations.Bit too tight for me, prefer 2%
Yeah. That`s good too. Even 5% can be used but ONLY if you`re sure and in very rare situations.Bit too tight for me, prefer 2%
I`m curious what exactly did you mean as trading plan?You know - trading is so much unpredictable so no I am not using any plan at all and I do not get the people who do use it. Something may change and whole your plan totally will be out of touch anyway. What you will do then ? So do I, don't do it.
Profit and loss targets. The point of the trading plan is to not get unexpected trading results in future so you won't experience mental discomfort from loss or excessive enthusiasm from profit. This will keep your emotional state stable = less trading mistakes, wrong entries and exits.I`m curious what exactly did you mean as trading plan?
Essential a trading plan is!Profit and loss targets. The point of the trading plan is to not get unexpected trading results in future so you won't experience mental discomfort from loss or excessive enthusiasm from profit. This will keep your emotional state stable = less trading mistakes, wrong entries and exits.
Whatever works for youI maybe believe in that, but in reality I never use it anyway for any of my latest trades so let's prolong with something else and not just this plans. Lot of people doing it simply as such and do not require anything in advance really. Good luck
Yes you`re right but at 50% I can say. I`m consider this as a part of risk and money management. There`s no sense to clear small picture without the big one to be cleared.Profit and loss targets. The point of the trading plan is to not get unexpected trading results in future so you won't experience mental discomfort from loss or excessive enthusiasm from profit. This will keep your emotional state stable = less trading mistakes, wrong entries and exits.