What is Trading Plane ? - page 2. | Bitcointalksearch.org

Shasha80

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Quote from: andriarto on July 04, 2021, 10:44:55 PM

Quote from: FIFA worldcup on July 04, 2021, 05:54:25 AM

Quote from: wahyu wida on June 29, 2021, 10:18:21 PM

Quote from: ethereumhunter on June 29, 2021, 07:40:49 AM

~

and what we have to learn besides the time to enter and exit the market, we must also be able to anticipate if the analysis does not go according to plan, because it is important so that our capital remains safe, cuts losses and can look for opportunities to return to the next market movement

Everyone comes with a trading plan but most of fail to execute it. We all know that we have to buy from support, don't rush into trades and always use stop loss, but when it comes to the actual trading then most of the traders do not follow these rules and take emotional trades which usually result in the loss.

The first basic plan for every new trader is to trade in spot but most of the newbies go straight for future trading because they see more scope of making money in future trading.

Indeed, in trading the most difficult thing to manage is emotional, even though we already have a plan that has been prepared in advance, sometimes we are not disciplined, thus violating the plan. for me the most important thing is that we must learn to be consistent with the initial plan, so that we can evaluate our trading progress

I think it is very natural for us to make mistakes when trading, because sometimes there are situations where we are influenced and get out of
the original plan. It is not easy to maintain our emotions when trading, therefore to succeed in trading requires a long process. We have to learn
many things to understand how to make a good plan to be able to make profit from trading, so the most important thing is never to give up when
we fail in trading. Keep on trying fixing the mistakes we made, I believe in the end people who want to learn from their mistakes will be able to
make a successful trading plan.

andriarto

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Quote from: FIFA worldcup on July 04, 2021, 05:54:25 AM

Quote from: wahyu wida on June 29, 2021, 10:18:21 PM

Quote from: ethereumhunter on June 29, 2021, 07:40:49 AM

You can read what is trading plan here: https://www.investopedia.com/terms/t/trading-plan.asp

Quote

What Is a Trading Plan?
A trading plan is a systematic method for identifying and trading securities that takes into consideration a number of variables including time, risk and the investor’s objectives. A trading plan outlines how a trader will find and execute trades, including under what conditions they will buy and sell securities, how large of a position they will take, how they will manage positions while in them, what securities can be traded, and other rules for when to trade and when not to.

From that article, you need to learn how to find and execute trades and know when you should enter the market. There are many more you need to learn to have a trading plan, including learning about analyzing the market movements to know when you need to execute your trade, how much money you use to trade, etc.

and what we have to learn besides the time to enter and exit the market, we must also be able to anticipate if the analysis does not go according to plan, because it is important so that our capital remains safe, cuts losses and can look for opportunities to return to the next market movement

Everyone comes with a trading plan but most of fail to execute it. We all know that we have to buy from support, don't rush into trades and always use stop loss, but when it comes to the actual trading then most of the traders do not follow these rules and take emotional trades which usually result in the loss.

The first basic plan for every new trader is to trade in spot but most of the newbies go straight for future trading because they see more scope of making money in future trading.

Indeed, in trading the most difficult thing to manage is emotional, even though we already have a plan that has been prepared in advance, sometimes we are not disciplined, thus violating the plan. for me the most important thing is that we must learn to be consistent with the initial plan, so that we can evaluate our trading progress

Desmong

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Trading plan is a way to ensure safe funds without risking too much or too small. It is a set of rule that guide one from trading and making decisions about the market. This rules are set by an individual to guide through risks, stop lose, take profit and patterns use in trading. A lot of new traders are not always conscious about their plans which contains all rules guiding individual trade.

FIFA worldcup

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Quote from: wahyu wida on June 29, 2021, 10:18:21 PM

Quote from: ethereumhunter on June 29, 2021, 07:40:49 AM

You can read what is trading plan here: https://www.investopedia.com/terms/t/trading-plan.asp

Quote

What Is a Trading Plan?
A trading plan is a systematic method for identifying and trading securities that takes into consideration a number of variables including time, risk and the investor’s objectives. A trading plan outlines how a trader will find and execute trades, including under what conditions they will buy and sell securities, how large of a position they will take, how they will manage positions while in them, what securities can be traded, and other rules for when to trade and when not to.

From that article, you need to learn how to find and execute trades and know when you should enter the market. There are many more you need to learn to have a trading plan, including learning about analyzing the market movements to know when you need to execute your trade, how much money you use to trade, etc.

and what we have to learn besides the time to enter and exit the market, we must also be able to anticipate if the analysis does not go according to plan, because it is important so that our capital remains safe, cuts losses and can look for opportunities to return to the next market movement

Everyone comes with a trading plan but most of fail to execute it. We all know that we have to buy from support, don't rush into trades and always use stop loss, but when it comes to the actual trading then most of the traders do not follow these rules and take emotional trades which usually result in the loss.

The first basic plan for every new trader is to trade in spot but most of the newbies go straight for future trading because they see more scope of making money in future trading.

dezoel

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Quote from: barbara44 on July 03, 2021, 03:42:58 PM

Quote from: awik p on July 02, 2021, 10:05:48 AM

with the same plan it will not necessarily produce the same amount of profit, this depends on each trader's vision and intuition. therefore it is important to be confident in what we see, so that we do not regret the actions we have taken. especially with experience, we seem to automatically have feelings for the market, with the behavior of the candle that is formed

That is the hardest thing about trading, you can have one exact plan and give it to 100 different people and that same exact thing will not have the same impact on the people exactly the same, all those 100 will have a different result.

That's true and it happens because everyone has their own ability to take risks and even when 100 people walk down the same path, some will reach their destination faster than others and some would even fail to reach it at all.

There cannot be a specific trading strategy that works for anyone unless it includes some kind of trick that usually doesn't last for long. Trading can be considered as life. You make mistakes and learn from them to improve your actions next time under the same circumstances. One who learns faster and possibly looks at others to learn will be more successful.

There are basics about trading you can and should learn from videos and online articles but the true trading knowledge will only come after you make mistakes.

barbara44

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Quote from: awik p on July 02, 2021, 10:05:48 AM

with the same plan it will not necessarily produce the same amount of profit, this depends on each trader's vision and intuition. therefore it is important to be confident in what we see, so that we do not regret the actions we have taken. especially with experience, we seem to automatically have feelings for the market, with the behavior of the candle that is formed

That is the hardest thing about trading, you can have one exact plan and give it to 100 different people and that same exact thing will not have the same impact on the people exactly the same, all those 100 will have a different result.

This is why I think it is obvious that we should not look for the perfect plan in some other persons teachings, because there won't be any that is perfect for us, only the people who think that we should do what works for them and just because it works for them doesn't mean it will work for us as well.

It is a hard concept and I understand that many people have difficult time making their own and that is why they are working with other people to build their own, that makes sense if you have no idea how to do it yourself and if you test out enough examples eventually one of them may work for you as well, but it is going to be costly to do that.

Zilon

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Creating a trade plan is when you trade what you see based on a detailed analysis from your technical or fundamental analysis. For technical traders it's beautiful to have at least three confirmation before taking up a trade. Always avoid trading a single confirmation pattern because it only gets you stuck in a trade.

To draft out a plan you have to know how to interpret what your chat is presenting before you by:

Define the trend(market structure)

You should know the direction of the market if it's moving up, down or sideways by using
Trend lines
Moving averages

Then you should have an Area of value

You should know a point where the market retests a major zone by using
Support and resistance
Trend lines

Lastly have an area of Value

This majorly your candle stick confirmation which could be reversal or continuation candles
[/list]

Always ensure you trade what you see.

awik p

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Quote from: wiss19 on June 30, 2021, 04:55:03 AM

Quote from: justdimin on June 29, 2021, 11:51:00 AM

Learning the technical and fundamental analysis could be separated from trading plans but how you make use of the signals you get from your analysis and how many positions and how much risk levels kind of things need to be decided before entering into live market and following them is "trading plan".

Yeah, there should be different phases of trading plans:
pre-plan -- the preparation phase for getting ready to trading.
actual plan -- how you are going to execute in live markets with the help of what you learned in pre-plan phase.

Mostly what we do dream about profit making in pre-plans may not get full filled in live markets as market fluctuations are beyond our imaginations and also TA and FA are not as effective as we do expect. So, trading plans are just a roadmap on how you are doing to perform but the results from your trading may vary and depend on your skills and experiences.

right, with the same plan it will not necessarily produce the same amount of profit, this depends on each trader's vision and intuition. therefore it is important to be confident in what we see, so that we do not regret the actions we have taken. especially with experience, we seem to automatically have feelings for the market, with the behavior of the candle that is formed

jaberwock

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Quote from: wiss19 on June 30, 2021, 04:55:03 AM

pre-plan -- the preparation phase for getting ready to trading.
actual plan -- how you are going to execute in live markets with the help of what you learned in pre-plan phase.

Do you have any reference links for this? I mean it would be helpful if you share the information on from where you found these things so that I could learn more on this. I agree that trading plans must be consisting of different phases and the final one should be on how we encounter with live markets and all other plans should be the preparation phase for live markets.

Quote from: wiss19 on June 30, 2021, 04:55:03 AM

trading plans are just a roadmap on how you are doing to perform but the results from your trading may vary and depend on your skills and experiences.

Yeah, plans never guarantee you any profits but may help you to prevent frustrating moments. Because, with the help of pre-determined things you can take right decisions even under pressure of market. Most traders do panic out of market pressure and start obeying to their emotions.

wiss19

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Quote from: justdimin on June 29, 2021, 11:51:00 AM

Learning the technical and fundamental analysis could be separated from trading plans but how you make use of the signals you get from your analysis and how many positions and how much risk levels kind of things need to be decided before entering into live market and following them is "trading plan".

Yeah, there should be different phases of trading plans:
pre-plan -- the preparation phase for getting ready to trading.
actual plan -- how you are going to execute in live markets with the help of what you learned in pre-plan phase.

Mostly what we do dream about profit making in pre-plans may not get full filled in live markets as market fluctuations are beyond our imaginations and also TA and FA are not as effective as we do expect. So, trading plans are just a roadmap on how you are doing to perform but the results from your trading may vary and depend on your skills and experiences.

so98nn

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If you ask me then in my opinion in crypto currencies too volatile to make an exclusive plan trading. There obviously few of the coins for example, BTC, ETH, BNB who are very promising. You can hold them for the long term trading positions. While on the other hand there are hundreds of altcoin who may or may not turn out as per your expectations. You can't just plan for them because it's high risk based plan. In real world, buying a share for xyz company can be pre-planned based on the facts like companies position in the world, it's employee, products, popularity, government relationships and much more. It can give you clear vision of the company and thus value for the share of company.

This is not that is in case of Crypto. I would suggest holding short term positions if you wanna make any plan to hodl, day trade and stake etc.

ethereumhunter

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Quote from: wahyu wida on June 29, 2021, 10:18:21 PM

Quote from: ethereumhunter on June 29, 2021, 07:40:49 AM

You can read what is trading plan here: https://www.investopedia.com/terms/t/trading-plan.asp

Quote

What Is a Trading Plan?
A trading plan is a systematic method for identifying and trading securities that takes into consideration a number of variables including time, risk and the investor’s objectives. A trading plan outlines how a trader will find and execute trades, including under what conditions they will buy and sell securities, how large of a position they will take, how they will manage positions while in them, what securities can be traded, and other rules for when to trade and when not to.

From that article, you need to learn how to find and execute trades and know when you should enter the market. There are many more you need to learn to have a trading plan, including learning about analyzing the market movements to know when you need to execute your trade, how much money you use to trade, etc.

and what we have to learn besides the time to enter and exit the market, we must also be able to anticipate if the analysis does not go according to plan, because it is important so that our capital remains safe, cuts losses and can look for opportunities to return to the next market movement

But you do not have to enter the market if you are not sure about the condition because you put yourself in danger. With a trading plan, you will know what you need to do related to the market situation, not risk your money and prevent the loss. Even if you lose, you will know when you should use the stop loss feature not to get a big loss.

wahyu wida

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Quote from: ethereumhunter on June 29, 2021, 07:40:49 AM

You can read what is trading plan here: https://www.investopedia.com/terms/t/trading-plan.asp

Quote

What Is a Trading Plan?
A trading plan is a systematic method for identifying and trading securities that takes into consideration a number of variables including time, risk and the investor’s objectives. A trading plan outlines how a trader will find and execute trades, including under what conditions they will buy and sell securities, how large of a position they will take, how they will manage positions while in them, what securities can be traded, and other rules for when to trade and when not to.

From that article, you need to learn how to find and execute trades and know when you should enter the market. There are many more you need to learn to have a trading plan, including learning about analyzing the market movements to know when you need to execute your trade, how much money you use to trade, etc.

and what we have to learn besides the time to enter and exit the market, we must also be able to anticipate if the analysis does not go according to plan, because it is important so that our capital remains safe, cuts losses and can look for opportunities to return to the next market movement

justdimin

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Quote from: WaqasBlaze on February 02, 2021, 12:13:21 AM

What is trading plan and how i can creat my trading plan and which this are evolve into it...

Start trading with demo account and observe what you are doing correctly and what you are missing to make profits. Those right things and what you are missing both need to be combined and you need to follow all of them strictly. This way you can create your own trading plan. This is nothing but set of do's and don't's. In my opinion, it mush easier to have trading plans but it would be really too hard to follow them with all discipline.

Quote from: ethereumhunter on June 29, 2021, 07:40:49 AM

including learning about analyzing the market movements to know when you need to execute your trade, how much money you use to trade, etc.

Learning the technical and fundamental analysis could be separated from trading plans but how you make use of the signals you get from your analysis and how many positions and how much risk levels kind of things need to be decided before entering into live market and following them is "trading plan".

ethereumhunter

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You can read what is trading plan here: https://www.investopedia.com/terms/t/trading-plan.asp

Quote

What Is a Trading Plan?
A trading plan is a systematic method for identifying and trading securities that takes into consideration a number of variables including time, risk and the investor’s objectives. A trading plan outlines how a trader will find and execute trades, including under what conditions they will buy and sell securities, how large of a position they will take, how they will manage positions while in them, what securities can be traded, and other rules for when to trade and when not to.

From that article, you need to learn how to find and execute trades and know when you should enter the market. There are many more you need to learn to have a trading plan, including learning about analyzing the market movements to know when you need to execute your trade, how much money you use to trade, etc.

isaac_clarke22

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Quote from: GreatArkansas on June 26, 2021, 12:37:31 AM

~

My first few days of day trading were kind of a joke since it was all losses anyway.
What I meant by joke is that I tried really hard to follow as a newbie but still ended up in just all losses.
Traded few below top 10, but didn't exclude toppers but it was all still a.....meh.

NewRanger

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Quote from: ?? on ??

That’s how he plan for trading and so be it, because everyone of us have our own trading plan what works for me might not be ok for you, so have your own way to become profitable in trading. Always have your plan and strategies, don’t just buy and sell know your timing as well. Have a simple plan in trading, be consistent and you’ll be good.

each traders have their own way to set up trading, they have many strategy that involved trading system , money management which is different each other. for example for money management , cut loss be my choice but for other traders it will not meet with their trading type. Arrange as simple as trading plan that suitable with our own character dont ever influenced by other trader, it will not help us for long term purpose.

bitcub

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Heres my 2 cents, first you need to learn how to read the charts. You also need to learn about price action. Once you have this knowledge, you can plan your trades. Next learn what cryptos are you going to buy. You must learn when to trade BTC to USD, or when is the time to trade BTC and ETH.

Quote from: WaqasBlaze on February 02, 2021, 12:13:21 AM

What is trading plan and how i can creat my trading plan and which this are evolve into it...

Everyone saying creat a trading but how i can creat...😊

Thank You so much if you help...😊♥️

Xinarae*

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A trading plan is to learn the market well before trading and move forward according to the plan so that it is possible to trade successfully. Trading plan removes the anxiety of making bad decisions out of emotion your emotions can do the wrong thing when it comes to money it's definitely not what you want the way to avoid this is to reduce your thinking and make a plan for every movement in the market without talking about giving. With a trading plan you will be ready for anything in the market.

BitTraderCute

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Quote from: GeorgeJohn on June 26, 2021, 04:18:00 PM

Quote from: WaqasBlaze on February 02, 2021, 12:13:21 AM

What is trading plan and how i can creat my trading plan and which this are evolve into it...

Everyone saying creat a trading but how i can creat...😊

Thank You so much if you help...😊♥️

In everything you do in life, there always has to be a plan to back it up. There is a saying that when you fails to plan, you are planning to fail. This is why one needs trading plan in order to guide them doing trading. Lemme show you how my trading plan looks like.

MY TRADING PLAN

I would earn 100% of my trading equity in a period of four weeks

I would make 25% of my initial capital in one week.

For any consecutive losses, i will half my chosen lotsize.

I would not trade more than 7 markets in a day.

If i have more than five loosing trades in a row, i would take a break
for 2 consecutive days to study my strategy and the market.

I would withdraw 50% of my account to invest in non forex business.

I would never risk more than 4 percents of my account in a single trade.

I would read more trading books whenever I'm done with my weekly target.

This is example for trading plan , and you should add another reason to complete plan. in my plan i also add the reason why i open transaction in market , and i draw the chart in my plan in order if i make mistake i could take a lesson from it. this list could be very helpfull if we dicipline to run it.

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