🖐Five points to consider before choosing an Entry /Exit point📈📉
☝️Point1: Before choosing an entry point. We need to put into consideration the general market sentiment. Get informed about economic events, news, and indicators that can influence the market🤔.
✌️Point 2: Pickup your trading journal run a proper technical analysis. Determine the market trend by examining charts, patterns, and indicators. Identify potential entry and exit points based on your trading strategy🤔📈📒.
🤟Point 3: Place the trade. Follow your strategy and risk management rules. Set clear parameters for position size, stop-loss, and take-profit levels. Always Stick to your plan to maintain discipline‼️🏋.
🖖Point 4: Manage the trade. Once you're in the trade, let your stop-loss follow the price, protecting your capital and securing profits. Consider adjusting your stop-loss or taking partial profits if the trade moves in your favor🫣🚫.
🖐Point 5: Post-trade analysis. After the trade is closed, take the time to review, analyze, learn, and improve. Reflect on your decisions, outcomes, and emotions. Identify strengths and areas for improvement to enhance your future trading performance, make proper use of your trading journals🙂📔💰.
Remember, successful trading requires patience, discipline, and continuous learning. Adhering to these five points,will cause an exponential growth in your trading game. Happy trading! 👨🎓📚💰
☝️Point1: Before choosing an entry point. We need to put into consideration the general market sentiment. Get informed about economic events, news, and indicators that can influence the market🤔.
✌️Point 2: Pickup your trading journal run a proper technical analysis. Determine the market trend by examining charts, patterns, and indicators. Identify potential entry and exit points based on your trading strategy🤔📈📒.
🤟Point 3: Place the trade. Follow your strategy and risk management rules. Set clear parameters for position size, stop-loss, and take-profit levels. Always Stick to your plan to maintain discipline‼️🏋.
🖖Point 4: Manage the trade. Once you're in the trade, let your stop-loss follow the price, protecting your capital and securing profits. Consider adjusting your stop-loss or taking partial profits if the trade moves in your favor🫣🚫.
🖐Point 5: Post-trade analysis. After the trade is closed, take the time to review, analyze, learn, and improve. Reflect on your decisions, outcomes, and emotions. Identify strengths and areas for improvement to enhance your future trading performance, make proper use of your trading journals🙂📔💰.
Remember, successful trading requires patience, discipline, and continuous learning. Adhering to these five points,will cause an exponential growth in your trading game. Happy trading! 👨🎓📚💰