Does Having A Trading Plan Matter?!

in #life7 years ago

When You Enter a Trade, do you have a Plan?

When starting off, understand that its not as important to Find a Sell Target as it is to find an entry!
-With the right Entry, you can literally play your cards right and have such a great risk to reward ratio that you can make the purchase and the sit back and enjoy the ride!!!

-Don't let the market RUN you, you run the Market!

-The Market offers So Much Opportunity, So don't think because you missed something that you've missed out and have lost... Because you haven't!!

-Once you've found an ENTRY, make sure you Set Your Stop/Loss To protect you from losing so much more then you really have too! I personally have a stop/loss anywhere between 3-5% unless its a Positional trade that i know i'm sticking it out and am going to be here for the ride!

Now after you've found your ENTRY and you've set up your stop loss then the next would be to find an exit where your profitable and happy :)

Now remember Ladies and Gentleman Crypto Trading is Risky and you can loose some or even all your investment
That's why i Find it so important to set up your stop/loss immediately after you have found your Entry!!
Please consider all this before deciding to enter a trade! Remember Theres SO MUCH OPPORTUNITY IN THE MARKET THAT WE NEVER Have to RUSH onto A MOVING Train!! becasue 99.9% of the time, we go to HOP on that TRAIN and we Get Crushed just as Quick!!

#CryptoBlaze Helping you set 2018 on #Fire