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📃 Trading plan 📃

☝🏻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.🙅🏻‍♀️

❗❗Before opening a position, you must determined :❗❗

📌position opening price
📌open position size
📌stop loss order
📌take profit order

👉🏻That's necessary in order to determine the possible risk / win ratio.

⭐⭐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

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

❗ 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.

❗ 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.

❗ Trading does not end when you close your position.

❗You must analyze it and learn from it.

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

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

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.

💪🏻Don't forget about self-development!!!!💪🏻

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Your Rocket Bomb🚀💣