Trading Plan
Education and research
Ready, set… plan? In this guide, we discuss why you need to plan your trading before trading your plan. Let’s roll. Table of Contents: »Importance of a Trading Plan »The Successful Trading Plan Doesn't Exi... »What's in a Typical Trading Day? »Markets, Strategies and Styles »Summary Venturing into trading without a plan is akin to setting sail on the ocean...
Trading Plan
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!
Stop loss order is the order that automatically closes your trade once it reaches a specified price target. Learn all about it here. Table of Contents: 🔹What Is a Stop Loss Order? 🔹Why Stop Loss Orders Matter? 🔹Setting Stop Loss Levels 🔹Types of Stop Loss Orders 🔹Adjusting Your Stop Loss Orders 🔹Summary In trading, reducing risks is oftentimes all that matters...
🚀 Unlocking Your Trading Potential with Bar Replay on TradingView In the whirlwind of trading, having ace tools up your sleeve can dramatically shape your strategy and success. The spotlight shines bright on TradingView’s Bar Replay feature, a gem that offers a rewind on market movements, setting the stage for strategic mastery. Let's dive into what...
Mindfulness is a practice that involves being fully present and engaged in the moment, aware of your thoughts and feelings without judgment. It originates from ancient Buddhist meditation practices but has been adopted widely in various forms across the world for its mental health benefits. In this post, we'll dive a bit deeper into what it is, where it comes...
Diversification is a market strategy that enables you to spread your money across a variety of assets and investments in pursuit of uncorrelated returns, hedging, and risk control. Table of Contents What is portfolio diversification? Brief history of the modern portfolio theory Why is diversification important? An example of diversification at work How to...
Here is the 5 TIPS TO DO with your mistakes: 1. Acknowledge Your Errors So often, we say things like, “It’s unfortunate, but market goes opposite me” or "SEC lawsuit crashed prices, so I lose" But blaming other people or minimizing your responsibility isn’t helpful to anyone. Before you can learn from your mistakes, you have to accept full responsibility for...
Hey! When we start trading we want to make a lot of money and became millionaires by the end of month. This awesome motivation could be cut off easily without following simple plan and strategy. When I started trading I entered only with 100$ account and loose it all within a month. I didn’t payed attention to my personal financial plan and rules, which cost me a...
1. Study. Learn how financial markets work. Years ago I took Khan Academy's free courses on the financial markets. It really helped reinforce what I already knew, taught me new stuff and solidified my confidence in understanding how the financial markets work. Here's the link: www.khanacademy.org Learn the basics of Technical Analysis. For this part I read...
Moving averages (MA) serve as foundational tools in technical analysis, offering insights into market trends and potential entry/exit points. This article delves into the comparison between two primary types: Simple Moving Averages (SMA) and Exponential Moving Averages (EMA), providing traders with a comprehensive understanding of their differences,...
Embarking on the thrilling journey of trading? Gear up with these invaluable lessons to empower your trading expertise: 1. Knowledge Empowers: Embark on your trading journey equipped with knowledge as your most powerful weapon. Delve deep into the intricacies of the markets, understanding their nuances with precision. Grasp the ever-changing trends, and...
Margin trading stands as a fundamental concept in the world of trading, offering opportunities to amplify potential gains but also carrying increased risk. This article is a comprehensive guide to understanding the basics of margin trading, exploring its mechanics, implications, and the vital role it plays in financial markets. Understanding Margin Trading...
In the dynamic world of forex trading, the strategy dilemma often prompts traders to ponder whether to adapt and change tactics or remain steadfast with their initial approach. Let's explore the implications of altering strategies compared to the outcomes of sticking to one method in the pursuit of trading success. 📈💡 The Strategy Shift: First Trader Changes...
Hello, here is a cheat sheet for Elliott Waves for top 10 Rules, so you can print this out and keep on your desk. The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors....
Hey traders, In this post, we will discuss 10 divine rules that every trader must obey: 1️⃣ - Accept that risk and losses are a necessary part of trading. Even though most of the traders are looking for a holy grail, for a system that produces 100% win rate, in fact, losses are inevitable, they are part of the game. No matter how good you are as a trader,...
Hey traders, Like any discipline, consistently profitable trading requires many years of practice. In this post, we will discuss the only proven way to become successful in trading. 🔰First, let's start with the axiom: there are no inborn traders, trading is a skill, a skill that can be learned. Though talent may help you in some manner it does not guarantee...
Hey! Everybody wants to get rich. But not many from us know what it takes. In this article let's discuss Investing income from annual percentage yield (APY) . Key point is the percentage of income can be different from your location, but lets make our calculations from 8.0% APY. Why this strategy is Affordable for ALL? Well, for calculation I've used only...
Hey traders, One month ago I wrote an article about the importance of a trading plan. Now it is time to discuss what should be inside your trading plan. Before we start let me note that a trading plan is a very personal thing and depending on your personality you may have some other elements. In this article, we discuss key elements that must be in every...
Hey guys! In this article you will learn about 5 RULES DISCIPLINED TRADERS FOLLOW, let's dive in it! But before you do so, make sure you follow my page and turn TradingView notifications ON! Let's go! 1️⃣ Follow Financial Plan, Do Not Go All In A trading plan is a written set of rules that specifies a trader's entry, exit, and money management criteria for...