Trading plan
Posted on 2021-10-20 10:10:44 by Uni_B
- A trading plan is a roadmap for how to trade, and no trades should be placed without a well-researched plan.
- The plan is written down and followed. It is not altered unless it is found not to work (make money) or the trader finds a way to improve it.
- A basic trading plan includes entry and exit rules, as well as risk management and position sizing rules. The trader may add additional rules at their discretion to control when and how they trade.
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