âđ»The basis of any action on the market is a well-designed trading plan (TP).
đđ»The basic rule is never trade without a plan, and when you have done TP, never break it.
Work without a plan leads to randomness and spontaneity of actions subject to emotions.đ đ»ââïž
ââBefore opening a position, you must determined :ââ
đposition opening price
đopen position size
đstop loss order
đtake profit order
đđ»That's necessary in order to determine the possible risk / win ratio.
ââA trading plan should uniquely determine the actions of a trader in two scenarios:
1. Price moves opposite the open position
2. Price moves towards an open position
âA trading plan is drawn up before a position is opened, when a trader is in a balanced emotional state and can adequately think.
â After opening a position, you should follow the trading plan very accurately and not allow yourself to make changes to it during the course of trading.
â After closing the position, an analysis of the results is carried out, the optimality of actions is evaluated, and conclusions are drawn for the future.
â Trading does not end when you close your position.
âYou must analyze it and learn from it.
â After closing a position, many players forget about it and start looking for the next deal.
âĄDon't miss the essential elements of the path to the level of a professional trader - analysis of the past and introspection.âĄ
Write down your trading plan. Write down the reasons for the exit and what you did right and what is wrong. You will receive a history of your transactions and thoughts in pictures. This journal will help you learn from past experiences and discover gaps in your thinking.
đȘđ»Don't forget about self-development!!!!đȘđ»
đIf my post was interesting for you, don't forget to put me like and write your thought!!!đ
Your Rocket BombđđŁ
đđ»The basic rule is never trade without a plan, and when you have done TP, never break it.
Work without a plan leads to randomness and spontaneity of actions subject to emotions.đ đ»ââïž
ââBefore opening a position, you must determined :ââ
đposition opening price
đopen position size
đstop loss order
đtake profit order
đđ»That's necessary in order to determine the possible risk / win ratio.
ââA trading plan should uniquely determine the actions of a trader in two scenarios:
1. Price moves opposite the open position
2. Price moves towards an open position
âA trading plan is drawn up before a position is opened, when a trader is in a balanced emotional state and can adequately think.
â After opening a position, you should follow the trading plan very accurately and not allow yourself to make changes to it during the course of trading.
â After closing the position, an analysis of the results is carried out, the optimality of actions is evaluated, and conclusions are drawn for the future.
â Trading does not end when you close your position.
âYou must analyze it and learn from it.
â After closing a position, many players forget about it and start looking for the next deal.
âĄDon't miss the essential elements of the path to the level of a professional trader - analysis of the past and introspection.âĄ
Write down your trading plan. Write down the reasons for the exit and what you did right and what is wrong. You will receive a history of your transactions and thoughts in pictures. This journal will help you learn from past experiences and discover gaps in your thinking.
đȘđ»Don't forget about self-development!!!!đȘđ»
đIf my post was interesting for you, don't forget to put me like and write your thought!!!đ
Your Rocket BombđđŁ
Write me if You need my support or wanna trade together đđ»
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Join me inđđ»:
đđŁ t.me/+aAADzO1OqsQ2MGI0
đ° I'm using Bybit and I highly recommend it to You. By using my link - You'll get a nice bonus
www.bybit.com/invite?ref=7X0W2A