TRADING PLAN by Rocket Bomb ๐Ÿš€๐Ÿ’ฃ

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello, friends! Let's talk about Trading plan today!

The basis of any action on the market is a well-designed trading plan (TP).

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.๐Ÿ™…๐Ÿปโ€โ™€๏ธ

โ—โ—Before opening a position, you must determined :โ—โ—

๐Ÿ“Œposition opening price
๐Ÿ“Œopen position size
๐Ÿ“Œstop loss order
๐Ÿ“Œtake profit order

๐Ÿ‘‰๐ŸปThat's necessary in order to determine the possible risk / win ratio.

โญโญA 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

โ—A trading plan is drawn up before a position is opened, when a trader is in a balanced emotional state and can adequately think.

โ— 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.

โ— 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.

โ— Trading does not end when you close your position.

โ—You must analyze it and learn from it.

โ— After closing a position, many players forget about it and start looking for the next deal.

โšกDon't miss the essential elements of the path to the level of a professional trader - analysis of the past and introspection.โšก

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.

๐Ÿ’ช๐ŸปDon't forget about self-development!!!!๐Ÿ’ช๐Ÿป

๐Ÿ’™If my post was interesting for you, don't forget to put me like and write your thought!!!๐Ÿ’›

Your Rocket Bomb๐Ÿš€๐Ÿ’ฃ
Write me if You need my support or if You wanna trade together ๐Ÿ‘‰๐Ÿป
Also Join me in๐Ÿ‘‡๐Ÿป:


Stay awesome! Good info
+1 Reply
RocketBomb ArShevelev
@ArShevelev, thanks ๐Ÿ˜˜
Many thanks :)
I think you are right. Thanks
@RocketBomb: Thank's for the education Trading Plan. I need these :)
RocketBomb RyodaBrainless
@RyodaBrainless, I'm happy to help๐Ÿ’‹
Stay tuned๐Ÿงก๐Ÿ’ƒ๐Ÿป
@RocketBomb tanx , what you think about btc ?
RocketBomb BobRivera990
@BobRivera990, Moon๐Ÿ˜‰๐Ÿ”ฅ I made new update๐Ÿ’‹

Stay tuned ๐Ÿงก
+1 Reply
thanks for information ๐Ÿ˜Š
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