Trading Plan

Having a trading plan and sticking to it is an indispensable requisite before risking any money in the markets. In short, a plan describes what to do, why, when, and how to do it. Not having a plan is one of the top reasons traders fail. A good trading plan should describe your overall goals, what markets and timeframes to trade, how to keep records to review your performance and how to apply risk management. Other parts of a good trading plan are how to find trade candidates, how to manage trades, what techniques or methods to employ and what rules to use for entry and exit. You should also consider what pre and post market activities to perform, what checklists to use, how to educate yourself and how to act in case of a calamity.

A plan defines your trading activities in detail, helps you control your emotions and keeps you focussed on executing your strategy with rock solid discipline to avoid trading errors. There is no fixed blueprint for the optimal plan, it can be as simple or as complex as you want and tailored to your needs and trading personality. Plan your trade and trade your plan!
Technician Technician TOP EURUSD, D, Long ,
EURUSD: Trading? Here are 10 Things You Should Consider
12564 235 315
EURUSD, D Long
Trading? Here are 10 Things You Should Consider

1. Trading is not a get rich quick scheme. It is a normal investment that gets traders return on capital. Have you ever met a trader making double-digit percent return per month on a consistent manner? Trading professionally with proper money management would likely get you a return of few percents a month. From my personal experience a 3-5 percent return on ...

LewisGlasgow LewisGlasgow PRO GBPJPY, 60,
GBPJPY: Tips for Growing a Small Trading Account
3878 68 228
GBPJPY, 60
Tips for Growing a Small Trading Account

Tips for Growing a Small Trading Account Hello traders, I'm back with another educational post after receiving a lot of positive feedback. Today I'm going to provide you with five tips for growing a small trading account! 1. Define your why As you all know 90% of traders fail, it's a well-known fact and it's the main reason why I provide so much free content... ...

stephenleachman stephenleachman ZMWCHF, 240,
ZMWCHF: MY TRADING PLAN (THE FOUNDATION TO MY TRADING)
3312 27 112
ZMWCHF, 240
MY TRADING PLAN (THE FOUNDATION TO MY TRADING)

This is a condensed version of my trading plan. I follow this plan faithfully every day, It is the foundation to my trading. I mentioned in my approach segment of this trading plan that I build my strategies based on the tactics within my playbook. All the tactics I use to build strategies I have listed here on tradingview and they are as followed: Chart ...

senejani.ali senejani.ali PRO CADCHF, 240,
CADCHF: HOW TO BECOME SUCCESSFUL IN TRADING
85 0 10
CADCHF, 240
HOW TO BECOME SUCCESSFUL IN TRADING

Hi everyone. I just wanted to share little bit of my knowledge and learning in the forex market with you all so you can benefit from it too. I started learning trading 3 year ago. Fundamentals and News trading were what I started with. As a news trader you need to watch the market news on fundamentals (such as central bank decision makings on bank interest rates) ...

Kishore Kishore PRO EURUSD, D,
EURUSD: WHY TRADERS LOSE IN FINANCIAL MARKETS
1054 14 65
EURUSD, D
WHY TRADERS LOSE IN FINANCIAL MARKETS

Why Traders Lose In The Financial Market. Three Important Things To Know Before Trading You may be one of the traders out there, Who has lost plenty of dollars in the financial markets. So in today’s lesson we are going to check the most common trading mistakes a trader does when he starts trading. Knowledge: So the first important accept in losing in the ...

Palioxis Palioxis USDCHF, D,
USDCHF: What to Keep Track of In a Forex Trading Journal
106 0 6
USDCHF, D
What to Keep Track of In a Forex Trading Journal

Hey Guys. Just wanted to make sure that everybody had the basics down when it comes to making a trading journal that can help you self police your trading. The point of a journal isn't to keep track of your trading stats, but rather to look and see how your emotions have played a role in your trading. If you feel scared, unconfident, and fearful that a trade ...

LewisGlasgow LewisGlasgow PRO GBPJPY, 60,
GBPJPY: Foundation of Successful Trading
1211 2 93
GBPJPY, 60
Foundation of Successful Trading

The Three A's It is a known statistic that over 90% of traders fail and I covered the three main reasons why in my previous educational post (shown below). https://www.tradingview.com/chart/GBPJPY/teAJanOA-Three-Reasons-Why-Most-Traders-Fail/ Now that you know the main reasons why traders fail, it's time to lay the foundation for successful trading. This can ...

LewisGlasgow LewisGlasgow PRO GBPJPY, 60,
GBPJPY: Three Reasons Why Most Traders Fail
1213 1 90
GBPJPY, 60
Three Reasons Why Most Traders Fail

Three Reasons Why Most Traders Fail Hello traders, I'm back with another educational post after receiving a lot of positive feedback. Today I'm going to break down three reasons why most traders fail! Traders Fail?! Yes most do, it is believed over 90% of new traders fail (this is an ongoing debate) but why is that? I personally believe it comes down to ...

brettschoenfelder brettschoenfelder PRO USDOLLAR, D,
USDOLLAR: Why do you trade? Trading Goals and motivations (trade plan)
39 0 4
USDOLLAR, D
Why do you trade? Trading Goals and motivations (trade plan)

Why do you trade? Consider writing down your personal trading goals. The following are my personal Trading Goals & Motivations (taken from my trade plan). Goals - Consistency 1. Focus on the process and let the results happen 2. Think in probabilities and whether I followed my plan. (Not right or wrong) 3. Master the ability to sit on my hands 4. Demand ...

EverythingForex EverythingForex PRO USDJPY, 60,
USDJPY: USDJPY: Anatomy Of Losing Trade - Learning From A Stop
1003 10 31
USDJPY, 60
USDJPY: Anatomy Of Losing Trade - Learning From A Stop

I just posted an updated analysis on USDJPY where I talked about learning from getting stopped out. Now I know it may seem like I NEVER lose but in reality, I lose many trades! But I ALWAYS make much more than I lose because of PROPER stop placement and PROPER money management! If you incorporate and utilize these 2 things PROPERLY and stick to it, it will go a ...

EdwardFabianRamirez EdwardFabianRamirez CADJPY, 60,
CADJPY: Mentality and Sticking to Your Plan
26 0 4
CADJPY, 60
Mentality and Sticking to Your Plan

DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". Last week I published a small "idea" for a quick scalp on the CADJPY. I noticed an uptrend that I didnt expect to go past a ...

tntsunrise tntsunrise TOP SPX500, 60,
SPX500: SOME WORDS FOR NEW TRADERS:
5245 72 318
SPX500, 60
SOME WORDS FOR NEW TRADERS:

SOME WORDS FOR NEW TRADERS: 1. Learn from the Ideas in tradingview, pay attention to trading logic (why did this author want to long/short? ) 2. if you can not understand the idea, or u disagree the idea, then dun trade it. 3. if you want to trade based the author's idea, make sure u make a very detail trading plan for yourself. the entry, the stop loss, the ...

tntsunrise tntsunrise TOP XAUUSD, W,
XAUUSD: Educational Article:  Review of the Gold Short Trade.
7854 46 220
XAUUSD, W
Educational Article: Review of the Gold Short Trade.

I still remember when gold at 1366 area, a lot of ppl questioned: It is obviously an uptrend? why u want to short? or: The fundamental wont' support gold to go down to 1200 again any more. and now gold is 1182. The key thing is not whether you guess the direction correctly or not. it is about whether u want to buy low or sell high. I also dun know what kind of ...

Technician Technician TOP EURUSD, D,
EURUSD: Trading? 10 things you might need to consider!
6172 97 289
EURUSD, D
Trading? 10 things you might need to consider!

I strongly recommend everyone to read the new blog post from tradingview, as it advises users to be carefull from service sellers here at the website. Please read the 5 points caefully here : http://blog.tradingview.com/?p=2400 This is not the first time i publish this post. But some new followers may haven't had a chance to read it.. Suggesting advice on how ...

tntsunrise tntsunrise TOP DXY, M,
DXY: SOME THOUGHTS ON TRADING SIGNALS VS TRADING LOGIC
5056 88 351
DXY, M
SOME THOUGHTS ON TRADING SIGNALS VS TRADING LOGIC

The Reason I dont provide Trading Signals: 1. Trading is difficult and trading is involved with risk. if some people has no idea what is risk and just copy the trade without knowing how much risk he is going to have, it is very dangerous. 2. Trading logic is more important than trading signal, a signal may let you win one time but if you understand the trading ...

suburra suburra NZDCAD, 240,
NZDCAD: What is A book vs B book in Forex trading?
110 0 3
NZDCAD, 240
What is A book vs B book in Forex trading?

Educational

TRDVMA TRDVMA SPX500, W,
SPX500: Some advice to novice traders-Part I
220 0 4
SPX500, W
Some advice to novice traders-Part I

Technical Analysis is not an exact science, but rather an art form. Before going into some details, I would like to give novice traders and the ones just beginning with Technical analysis some advice. I leave it to you to judge the points I made below, but trust me I have accumulated those by mostly experiencing it over the course of some twenty odd years. One ...

JasperForex JasperForex PRO EURUSD, 30,
EURUSD: 10 more things I learned in my short trading career
6603 69 119
EURUSD, 30
10 more things I learned in my short trading career

1. Go online and connect with other traders, ask the right questions (keyword: right) and talk shop. Joining TradingView is the best decision I made by far since I started trading. Social networks add value and my trading has improved a lot by being exposed to different ways to trade and by being able to see what works and what does not. But never trust a trader ...

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