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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