What is a Trading Plan?

A trading plan is a  set of rules, to define your trading activity. The time you sit in front of screen till the close of trade everything should be documented in trading plan. It has your entry,exit, profit booking SL levels and also your psychological strength and weakness.  It can be an extremely useful tool to help you focus on planning and executing your trading strategy.
There is no absolute blueprint for the perfect trading plan – every trader is unique, and different styles suit different people – Let me share the universal things which should be included in trading plan.

Without a trading plan you’re just gambling in the markets.

Understanding about Yourself

Continue Reading