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How to Trade with a Trading Plan?

Posted By On 10/15/2009 10:43:00 PM Under ,

Trading with a trading plan is an art and same must be mastered. The key points of trading plan are as enumerated below:
  • You have to have a exact trading plan.
  • You have to believe in your trading plan.
  • When you start trading your plan, you have to follow it - exactly.
  • If you don’t have a plan and follow it, you will not be successful trading.
Key this is that one must write down the trading plan and incorporate following points:
  • How to enter a trade?
  • Where does the stop go?
  • Where do you take profits?
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