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Topic: WHY DO WE NEED A TRADING PLAN ? - page 9. (Read 15628 times)

jr. member
Activity: 262
Merit: 2
November 30, 2018, 02:01:05 AM
#91
trading plan is necessary for review and evaluation of all that we have done in trading, a good trading plan will have a significant increase in profitability for users, if we do not implement this then we are just the same as crypto gambling
newbie
Activity: 36
Merit: 0
November 30, 2018, 01:50:07 AM
#90
Having a plan will help you in good times and bad times, but above all you will be forced to set a goal, and for me that is the biggest factor adjacent to the plan.
hero member
Activity: 1190
Merit: 500
November 29, 2018, 10:10:54 PM
#89
Build yourself a trading plan that will guide you in the market, and this is actually the most effective way to actively remove the loss transactions due to emotion.  Wink
Yeah dude trading plan is most essential for our success in trdaing. If we can make a good strategy for short or long term trade then we will get much profits without losses.
maybe trading one of key success in our trading result.in this plan, we write some important information about why how about our trading.so this is why we really need it.
of course the plan will determine your win, in price market can drift and drop at any time. and if you don't make a plan such as how much profit you have to take and how much loss you can receive, so when you analyze it you won't be confused what you will do afterwards..
legendary
Activity: 1834
Merit: 1036
November 29, 2018, 06:48:30 PM
#88
Its applies to everything. If you fail to create a plan, then you plan to fail. You need a plan in everything that you do. Plan when you Buy and plan when you Sell. you cant just hold on to what you bought forever, you need to sell it to earn and move on. You need an exit plan in case the price goes down, you dont want to hold a coin that price already reduced to 50%.
hero member
Activity: 3052
Merit: 606
November 29, 2018, 06:48:06 PM
#87
Yes, this is an important component of trading. In any case, a certain sequence of actions is required to achieve the goals. The plan helps us to trade successfully in the market.
Right.Trading plan is very much important because it will serve as a format on how to make trading a successful one.Of course with the monitoring of the price market,it will be easier for us to trade once we have correct guidelines to take.Though this is not 100% percent successful,but this can minimize losses in a way.
member
Activity: 252
Merit: 11
Decentralized Digital Billboards
November 29, 2018, 05:05:48 PM
#86
Yes, this is an important component of trading. In any case, a certain sequence of actions is required to achieve the goals. The plan helps us to trade successfully in the market.
member
Activity: 686
Merit: 10
November 28, 2018, 02:32:40 AM
#85
For trading, we need to plan before investing into any coin because without planning and researching it is impossible to make profits. So before purchasing anything we need to have plans ready for it whether to hold it for long term or short term.
full member
Activity: 518
Merit: 100
November 28, 2018, 02:22:56 AM
#84
Build yourself a trading plan that will guide you in the market, and this is actually the most effective way to actively remove the loss transactions due to emotion.  Wink
Yeah dude trading plan is most essential for our success in trdaing. If we can make a good strategy for short or long term trade then we will get much profits without losses.
maybe trading one of key success in our trading result.in this plan, we write some important information about why how about our trading.so this is why we really need it.

Probably, when you have a plan, you are more concentrated on the business. You do not pay attention to the insignificant details. You work for your goal and do everything to achieve it.
MRY
full member
Activity: 560
Merit: 109
November 25, 2018, 07:21:43 AM
#83
trading has a high risk and if we are wrong in making a decision it will make us lose, so we must have a good plan and have a good strategy to be able to get a profit
hero member
Activity: 1750
Merit: 589
November 25, 2018, 02:09:51 AM
#82
Build yourself a trading plan that will guide you in the market, and this is actually the most effective way to actively remove the loss transactions due to emotion.  Wink
monitoring prices first and recording price movements for some time, this might provide a better picture for us to predict future prices, indeed it cannot be a benchmark for us to start trading but at least it can make us more confident, because the price of bitcoin is very easy to move up and down.
Just a monitor is not enough to make a choice, but at least it can give you a little view, you can make plans in trade like what percentage of profits you will make, and what percentage of losses you can afford, so when technical analysis is done you know when to sell it
I agree, technical analysis is more important than just merely monitoring the prices. Analyzing the whole scheme you are going to do is going to give you best results unlike just depending on the prices buy low sell high is not always a thing to do more likely applicable on just bitcoin and high priced coin in the market. Technicalities on the market will never fail you if you are knowing what the processes are.
sr. member
Activity: 980
Merit: 250
November 24, 2018, 11:39:33 PM
#81
Build yourself a trading plan that will guide you in the market, and this is actually the most effective way to actively remove the loss transactions due to emotion.  Wink
Yeah dude trading plan is most essential for our success in trdaing. If we can make a good strategy for short or long term trade then we will get much profits without losses.
maybe trading one of key success in our trading result.in this plan, we write some important information about why how about our trading.so this is why we really need it.
jr. member
Activity: 422
Merit: 9
November 24, 2018, 11:25:10 PM
#80
Build yourself a trading plan that will guide you in the market, and this is actually the most effective way to actively remove the loss transactions due to emotion.  Wink
Yeah dude trading plan is most essential for our success in trdaing. If we can make a good strategy for short or long term trade then we will get much profits without losses.
legendary
Activity: 2576
Merit: 1655
November 24, 2018, 10:11:55 PM
#79
because with us using a good strategy, our trade will always succeed and run smoothly, because there is a lot of evidence of trade without a strategy of losing due to lack of trading experience

Not exactly. Because trading is very hard so it will not be always successful. There are trading days that you're completely off, because the market is very volatile and there are times that you're trading are spot on. But definitely a good laid out trading plan, specially your entry and exit strategy is very important because it makes a lot of difference and it separates those who trade based on emotions and who trades based on logic and well executed plan.
full member
Activity: 278
Merit: 100
November 24, 2018, 08:43:52 PM
#78
Well we must have a trading plan since i started trading i have plans for it so that it can somehow lessen the fact of being loss at the end of the day, and even so that trading has a lot of risks in spite of that i usually take it so there would be no regrets and for me it's one of the reason why we need a trading plan to somehow reduce and an act of being wise.
hero member
Activity: 728
Merit: 500
November 24, 2018, 11:21:40 AM
#77
Otherwise, how are you going to make your trades? there is no point to trade if you do not know how to do it.

Also, take in consideration that trading is not something easy to do, and you can easily lose your funds if you are not smart enough.

Be careful, do not be a dumb while you trade.

sr. member
Activity: 896
Merit: 250
November 24, 2018, 10:40:22 AM
#76
because with us using a good strategy, our trade will always succeed and run smoothly, because there is a lot of evidence of trade without a strategy of losing due to lack of trading experience
newbie
Activity: 14
Merit: 0
November 24, 2018, 10:27:30 AM
#75
I don't need a detailed plan in cryptocurrency trading, the market situation moves very fast and is not easy to predict.
sometimes plans are made very fast because the market faces a big issue. Trade is an instinct and a combination of skills and experience.
A trader's plan is an advantage.
Because without trading plan in cryptocurrencies you just lose all you money, that's 100%, especially if you a more trader than a investor. For long term trading you need to keep your crypto safe, centralized exchange can't guarantee you that, so use DEX like ethermium.com where trade 100%  anonymous, safe and without limit.
legendary
Activity: 1414
Merit: 1001
November 24, 2018, 09:06:41 AM
#74
Of course that plan is something that is very necessary in trading. Without a plan, we can certainly fail.
Trading has many aspects that must be taken into account and we also have to analyze the coins that we are going to trade.
Strategies and plans are needed to produce a satisfying thing.
member
Activity: 546
Merit: 10
💲 EMIREX EXCHANGE 💲
November 24, 2018, 09:00:14 AM
#73
I don't need a detailed plan in cryptocurrency trading, the market situation moves very fast and is not easy to predict.
sometimes plans are made very fast because the market faces a big issue. Trade is an instinct and a combination of skills and experience.
A trader's plan is an advantage.

I agree but it is only to deal with a bearish market like the last few days. we also have to be more careful in managing trading assets, if we do not make a trading plan, at least we must use asset management to avoid large losses. because generally, those who are trying for long-term trading do not need this, the result is if the bearish market decline in assets is felt
hero member
Activity: 1148
Merit: 504
November 24, 2018, 07:24:54 AM
#72
Build yourself a trading plan that will guide you in the market, and this is actually the most effective way to actively remove the loss transactions due to emotion.  Wink
monitoring prices first and recording price movements for some time, this might provide a better picture for us to predict future prices, indeed it cannot be a benchmark for us to start trading but at least it can make us more confident, because the price of bitcoin is very easy to move up and down.
Just a monitor is not enough to make a choice, but at least it can give you a little view, you can make plans in trade like what percentage of profits you will make, and what percentage of losses you can afford, so when technical analysis is done you know when to sell it
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