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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!
a.shevelev002 a.shevelev002 TOP POWRBTC, 240, Education
POWRBTC: Bitcoin.edu: Low Risk Capital Management
3247 33 88
POWRBTC, 240 Education
Bitcoin.edu: Low Risk Capital Management

For example you have 100.000 Total Capital You can spend for One Trade: Only 10% of your Free Capital Your Total Capital: 100.000 First Trade: 10.000 After 1st Trade your Free Capital: 90.000 Second Trade: 9.000 After 2nd Trade your Free Capital: 81.000 Third Trade: 8.100 After 3rd Trade your Free Capital: 72.900 Fourth Trade: 7.290 After 4th Trade your Free ...

Technician Technician PRO EURUSD, D, Education
EURUSD: Trading? 10 things you might need to consider!
6344 97 295
EURUSD, D Education
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 ...

DLavrov DLavrov TOP BTCUSDT, D, Education
BTCUSDT: How to Make Money in Crypto Markets
4580 28 75
BTCUSDT, D Education
How to Make Money in Crypto Markets

If you read this post, it means that probably you are interesting in making money in the crypto markets. You want to trade cryptocurriences and multiply your investments. But do you really think that it's easy? The cryptomarkets open for everyone great opportunities, but you must have some skill for conversion these opportunities into real money. If you think that ...

LewisGlasgow LewisGlasgow PRO GBPJPY, 60, Education
GBPJPY: Tips for Growing a Small Trading Account
5416 83 281
GBPJPY, 60 Education
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... ...

YaseenG.Housari YaseenG.Housari EURUSD, 60, Education
EURUSD: "Kinds of Bets or Trades" (Risk management)
1477 9 67
EURUSD, 60 Education
"Kinds of Bets or Trades" (Risk management)

"There are really four kinds of trades or bets: good bets, bad bets, winning bets and losing bets. Most people think that a losing trade was a bad bet. That's absolutely wrong. You can lose money even on a good bet. If the odds on a bet 50/50 and the pay off is 2$ vresus a 1$ risk, that's a good bet even if you lose. The important point that if you do enough of ...

Technician Technician PRO EURUSD, D, Education ,
EURUSD: Trading? Here are 10 Things You Should Consider
13522 237 328
EURUSD, D Education
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 ...

stephenleachman stephenleachman PRO ZMWCHF, 240, Education
4829 28 138
ZMWCHF, 240 Education

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 ...

Tradewonk Tradewonk USDCAD, D, Education
USDCAD: Psychology Of A Market Rally
2601 19 110
USDCAD, D Education
Psychology Of A Market Rally

Like many other worthy endeavors, overcoming greed requires a lot of effort and discipline. It isn’t easy, but it can be done. It’s all a matter of taming your ego. You will have to admit and accept that you won’t make the right call every time. There will be instances when you won’t catch the market’s full move, or times when you will miss a nice setup ...

AAlFadhala AAlFadhala PRO EURUSD, D, Education
EURUSD: The Top 10 Rules of Trading!
7031 10 67
EURUSD, D Education
The Top 10 Rules of Trading!

Hi traders! Hope everyone had a profitable week. Here are some trading rules that helped become a better trader. Feel free to share any additional tips that you found helpful during your trading career... Happy weekend :)! - Abdulla

YaseenG.Housari YaseenG.Housari USDJPY, 240, Education
USDJPY: "Trade Like A Casino" (Trading Psychology)
1339 11 33
USDJPY, 240 Education
"Trade Like A Casino" (Trading Psychology)

What is the best way to make money on gambling? Own a casino. - Casinos operate as a business. - Casino have table limits to manege and their customers are likely to risk it all. - Casinos have a mathematical edge, and gamblers are at a disadvantage. - Casino has no ego or emotion, but gamblers do. Now what give us a trading Edge: .Trends .Support and ...

marzavi marzavi SPX, M, Education
SPX: Heikin-Ashi Monthly Trend Strategy
169 0 5
SPX, M Education
Heikin-Ashi Monthly Trend Strategy

Trade current Heikin-Ashi monthly trend long or short/bonds/cash Reverse trade with a decisive break of the 7 period Moving Average at close of monthly candle Decisive means non-Doji candle with body 50% or more above/below the 7MA Doji or indecisive break of 7MA may just be consolidation, stay with current trend

JasperForex JasperForex PRO EURUSD, 30, Education
EURUSD: 10 more things I learned in my short trading career
6733 70 124
EURUSD, 30 Education
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 ...

AAlFadhala AAlFadhala PRO BTCUSD, D, Education
BTCUSD: Analyses of Trading Ranges
8485 26 45
BTCUSD, D Education
Analyses of Trading Ranges

Hi traders! Hope you had an amazing weekend. I usually post ideas where I state trading ranges and the important of them. Therefore, I decided to explain it briefly below and why they are important - please keep an open mind and feel free to ask me any questions below! - Abdulla What are Trading Ranges? One of Richard Wyckoff methods to improve the timing ...

Forexmentor Forexmentor USDJPY, D, Education
USDJPY: The Dilemma With Technical Analysis- USDJPY
146 1 4
USDJPY, D Education
The Dilemma With Technical Analysis- USDJPY

This is the dilemma with technical analysis, here we have a situation where we have technicals supporting a move upward and downwards. This situation is very common with technical analysis, in most cases there are technicals supporting both the bulls and the bears and hence making decisions solely based on technicals is 50/50 in most cases. We have the 50 fib ...

paul_lerit paul_lerit AUDUSD, 60, Education
AUDUSD: Supply and Demand
284 0 9
AUDUSD, 60 Education
Supply and Demand

I first heard about Supply and Demand trading from @Tradewonk, his analysis using this are great! I also ask him about it and he gave me a link to his Ideas about it https://www.tradingview.com/chart/EURUSD/40GMFVXi-INTRODUCTION-TO-SUPPLY-AND-DEMAND/ https://www.tradingview.com/chart/GBPUSD/jYdtSTGw-INTRODUCTION-TO-SUPPLY-AND-DEMAND-PART-2/ I also tried searching ...

michaframp_ michaframp_ BTCUSD, 240, Education
BTCUSD: What the ocean and the future made me understand
165 0 6
BTCUSD, 240 Education
What the ocean and the future made me understand

It will get better along the way

michaframp_ michaframp_ BTCUSD, 240, Education
BTCUSD: My journey and advise for us all
292 4 8
BTCUSD, 240 Education
My journey and advise for us all

You can agree or disagree, but understand that we are all different. And our differences ought to be respected.

Mase_00_7 Mase_00_7 PRO USDCAD, 15, Education
USDCAD: How to Trade the News
221 0 5
USDCAD, 15 Education
How to Trade the News

How to Trade the News We see lots of new traders in the chat here on Trading View making poor decisions around news based trading. Yes, catching a big move can be profitable, but it is a gamble and one that we as money managers should not be willing to take. Ask yourself this, if you had $1m of client money at stake, would you bet on the direction of a short ...

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