โ๐ปThe basis of any action on the market is a well-designed trading plan (TP).
๐๐ปThe 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.๐ ๐ปโโ๏ธ
โโBefore opening a position, you must determined :โโ
๐position opening price
๐open position size
๐stop loss order
๐take profit order
๐๐ปThat's necessary in order to determine the possible risk / win ratio.
โญโญA 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
โA trading plan is drawn up before a position is opened, when a trader is in a balanced emotional state and can adequately think.
โ 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.
โ 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.
โ Trading does not end when you close your position.
โYou must analyze it and learn from it.
โ After closing a position, many players forget about it and start looking for the next deal.
โกDon't miss the essential elements of the path to the level of a professional trader - analysis of the past and introspection.โก
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.
๐ช๐ปDon't forget about self-development!!!!๐ช๐ป
๐If my post was interesting for you, don't forget to put me like and write your thought!!!๐
Your Rocket Bomb๐๐ฃ
๐๐ปThe 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.๐ ๐ปโโ๏ธ
โโBefore opening a position, you must determined :โโ
๐position opening price
๐open position size
๐stop loss order
๐take profit order
๐๐ปThat's necessary in order to determine the possible risk / win ratio.
โญโญA 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
โA trading plan is drawn up before a position is opened, when a trader is in a balanced emotional state and can adequately think.
โ 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.
โ 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.
โ Trading does not end when you close your position.
โYou must analyze it and learn from it.
โ After closing a position, many players forget about it and start looking for the next deal.
โกDon't miss the essential elements of the path to the level of a professional trader - analysis of the past and introspection.โก
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.
๐ช๐ปDon't forget about self-development!!!!๐ช๐ป
๐If my post was interesting for you, don't forget to put me like and write your thought!!!๐
Your Rocket Bomb๐๐ฃ
Write me if You need my support or wanna trade together ๐๐ป
Join me in๐๐ป:
๐๐ฃ t.me/+aAADzO1OqsQ2MGI0
๐ฐ I'm using Bybit and I highly recommend it to You. By using my link - You'll get a nice bonus
www.bybit.com/invite?ref=7X0W2A
Join me in๐๐ป:
๐๐ฃ t.me/+aAADzO1OqsQ2MGI0
๐ฐ I'm using Bybit and I highly recommend it to You. By using my link - You'll get a nice bonus
www.bybit.com/invite?ref=7X0W2A