Trading Make it Easy
It's said, "trading is simple, but not easy". Why it is not easy? Because we are making it complicated. Today we will see the importance of the trading plan. Trade without a proper plan is gambling.
Before getting into a trade you ought to grasp once to enter, stop loss, exit and partial profit booking levels. The trading plan is like a road to the destination you want to reach.
Now you have a trading plan. Next step is to execute it properly. You need proper concentration to trade. Some people trade in between their break time, lunch time, etc. This type of trade is done in a hurry and obviously, it won't end well.
Plan your trades before market open, observe the market for few minutes and execute your trading plan. If you have any doubt about the trend direction, do not enter the trade.
Stay tuned to the next part and keep liking the ideas. Thanks!
It's said, "trading is simple, but not easy". Why it is not easy? Because we are making it complicated. Today we will see the importance of the trading plan. Trade without a proper plan is gambling.
Before getting into a trade you ought to grasp once to enter, stop loss, exit and partial profit booking levels. The trading plan is like a road to the destination you want to reach.
Now you have a trading plan. Next step is to execute it properly. You need proper concentration to trade. Some people trade in between their break time, lunch time, etc. This type of trade is done in a hurry and obviously, it won't end well.
Plan your trades before market open, observe the market for few minutes and execute your trading plan. If you have any doubt about the trend direction, do not enter the trade.
Stay tuned to the next part and keep liking the ideas. Thanks!
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