The objective of creation of this blog is to put my own thought across, maintain an online trade journal and possibly exchange trade setups and management.
The above 4 are the stages of a Trading Plan. A lot of effort goes into the first two stages of Contemplation and Entry. However Trade Management and Trade Exit are often neglected. Each of the 4 stages above are important aspects and hence time and effort for development of each has to be given.
1. Trade Contemplation
ReplyDelete2. Trade Entry
3. Trade Management
4. Trade Exit
The above 4 are the stages of a Trading Plan.
A lot of effort goes into the first two stages of Contemplation and Entry.
However Trade Management and Trade Exit are often neglected.
Each of the 4 stages above are important aspects and hence time and effort for development of each has to be given.