If sometimes you are overwhelmed by market fluctuations or haunted by a fear
over potential losses...
Today we are sharing with you tips of what you should include in your
trading plan for a constant successful trading based on analysis rather than
emotions.
Include the following points before
opening a
position.
1.
Date/time of opening, asset currency pair, timeframe, direction (buy
or sell), and the opening price.
2.
Specify the stop loss and take profit values in points and the price
value. It makes you limit your risks and save your deposit!
3.
Entry reason: it`s essential to record all the signals based on
which the
position was
opened. This limits the emotional no-reason entries.
Include the following points after closing a position.
1.
Date/time of closing, the closing price.
2.
The reasons for the exit. Based on what the transaction was
closed (exit by take
profit, stop loss, the hand trembled, the nerves could not stand it, ect.).
3.
Analysis of the closed deal is the most crucial point! In it,
you record
everything that happened during the transaction. How the yransaction was
accompanied, the emotions experienced, the mistakes made, ect.
Following a trading plan will help you make informed decisions based on analysis
rather than emotions.
We remind you that you have been assigned a personal support manager to assist
you with any questions or concerns you may have, and to help you achieve your
trading goals.
