LIVEOmme101
@Square-Creator-1b7af712e070
full time intuition trader.
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HOW TO DEVELOP YOUR OWN TRADING PLAN
Trading plan is like a map that tells how the things will be done. Any trade without a plan is a gamble. You might win few trades without a trading plan but in a long run you are destined to lose your money so trading plan is a must.
There are 8 key points every trading plan should have:
1) TIMEFRAME
a)Day trade
15’ - 60’
b)Swing trade
4H - 1D
c)Position trade
1D - 1W
2) RISK MANAGEMENT
Risk 1-3% of capital per trade
3) CONDITIONS
a) Ranging
b)Trending
4) MARKETS
a) Spot
b) Margin
c) Future
5) ENTRIES
a) Pullbacks
b) Breakouts
c) Crossover
6) STOPS
a) Percentage loss
b) Away from market structure
7) TARGETS
a) Fixed
b) Trailing stop
8) JOURNALING AND REVIEWING THE TRADES (both winning and losing trades)
By using these 8 simple steps you can create your own trading strategy.
Trading plan is like a map that tells how the things will be done. Any trade without a plan is a gamble. You might win few trades without a trading plan but in a long run you are destined to lose your money so trading plan is a must.
There are 8 key points every trading plan should have:
1) TIMEFRAME
a)Day trade
15’ - 60’
b)Swing trade
4H - 1D
c)Position trade
1D - 1W
2) RISK MANAGEMENT
Risk 1-3% of capital per trade
3) CONDITIONS
a) Ranging
b)Trending
4) MARKETS
a) Spot
b) Margin
c) Future
5) ENTRIES
a) Pullbacks
b) Breakouts
c) Crossover
6) STOPS
a) Percentage loss
b) Away from market structure
7) TARGETS
a) Fixed
b) Trailing stop
8) JOURNALING AND REVIEWING THE TRADES (both winning and losing trades)
By using these 8 simple steps you can create your own trading strategy.
BITCOIN DOMINANCE vs ALTCOIN DOMINANCE
BITCOIN AND ALTCOIN DOMINANCE HAS BEEN HISTORICALLY PLAYING IN AN INVERSE CORRELATION.
WHENEVER BITCOIN DOMINANCE DROP, THE ALTCOIN DOMINANCE PUMP. IT HAS BEEN THE CASE FOR THE PAST 2 CYCLES.
HISTORICALLY, THIS HAPPEN EVERY 8 MONTHS AFTER THE BITCOIN HALVING. CURRENTLY WE ARE IN THE 7TH MONTH SINCE HALVING.
RIGHT NOW THEY ARE IN THEIR RESPECTIVE KEY LEVELS WHICH INDICATES THE POTENTIAL REVERSAL IS COMING SOON.
THIS WILL TRIGGER THE ALTSEASON2.0. ARE YOU READY?
BITCOIN AND ALTCOIN DOMINANCE HAS BEEN HISTORICALLY PLAYING IN AN INVERSE CORRELATION.
WHENEVER BITCOIN DOMINANCE DROP, THE ALTCOIN DOMINANCE PUMP. IT HAS BEEN THE CASE FOR THE PAST 2 CYCLES.
HISTORICALLY, THIS HAPPEN EVERY 8 MONTHS AFTER THE BITCOIN HALVING. CURRENTLY WE ARE IN THE 7TH MONTH SINCE HALVING.
RIGHT NOW THEY ARE IN THEIR RESPECTIVE KEY LEVELS WHICH INDICATES THE POTENTIAL REVERSAL IS COMING SOON.
THIS WILL TRIGGER THE ALTSEASON2.0. ARE YOU READY?
